Breach CVV2 Fraud Detection 
Nanonets
OCTOBER 1, 2023
• Fraud prevention: PSPs use various methods to prevent fraud, such as AVS and CVV2 checks. When evaluating security measures, look for features such as data encryption, fraud detection and prevention, and customer authentication. In addition, find out what steps the PSP takes in the event of a data breach.
Seon
JUNE 21, 2023
As there is no physical reminder that this must be done with a virtual card, the theft or breach could potentially go unnoticed while exorbitant charges or snowballing data theft occurs. This is especially true if the VCC user decides to opt out of notifications associated with their virtual card use.
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