Security News > 2018 > November > Chip Cards Fail to Reduce Credit Card Fraud in the US
2018-11-15 12:24
A new study finds that credit card fraud has not declined since the introduction of chip cards in the US. The majority of stolen card information comes from hacked point-of-sale terminals. The reasons seem to be twofold. One, the US uses chip-and-signature instead of chip-and-PIN, obviating the most critical security benefit of the chip. And two, US merchants still accept...
News URL
https://www.schneier.com/blog/archives/2018/11/chip_cards_fail.html