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Understanding POS Security: Protecting Your Business and Customer Data

VISTA InfoSec

According to the Identity Theft Resource Center’s (ITRC) 2023 Business Impact Report , 73% of small business owners in the US reported a cyber-attack within the previous year, underlining the growing popularity of small businesses as a target among malicious actors.

PCI DSS 277
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Chargebacks: A Survival Guide

Cardfellow

You have to pay the chargeback fee even if the cardholder’s claim is rejected, and even if the chargeback is a result of fraud or identity theft. As mentioned in the section above, if you take a dispute to the arbitration stage, you risk paying in the neighborhood of $400 in various fees to the card brand.

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Static online security isn't enough to stop post-EMV fraud

Payments Source

Given the spike in online fraud that accompanies the chip card migration, there are a lot of new authentication methods. Most of them still rely on information that's not dymanic and vulnerable.

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Chip Shield’s $20 Online Fraud Solution

PYMNTS

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. It’s time to start extending chip-based security to protect us online and reverse the rapid growth of fraud and identity theft.”.

CHIPS 40
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Application Fraud – What’s Behind the Surge in Losses? (Video)

FICO

With the North American chip card deployment, fraud has migrated to “paths of least resistance”. EMV has disrupted a $4 billion industry that seeks to find a new home in application fraud, card not present fraud, and more. In the US today, there is a new identity fraud victim every two seconds.

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Best Practices in Fraud Management: Q&A with Bob Shiflet

FICO

Actually, application fraud and identity theft were the primary fraud risk concerns back in the early to mid-‘90s. Then, as fraud protection controls got stronger, the risk migrated to card fraud. However, we’ve now come full circle and are seeing a global resurgence in identity theft (as well as card not present or CNP fraud).

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Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

According to ValuePenguin, it’s likely that credit card fraud will continue to migrate online as EMV chip cards have made it harder for card-present fraud to work.