EMV drives changes in fraud types

Dec 18, 2020 lwcekwfg

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The 2016 Identity Fraud Study from Javelin Strategy & Research, revealed that the number of identity fraud victims increased by three percent (13.1 million consumers) in the U.S. last year, but that the amount stolen decreased by six percent to $15 billion.The study found that the rise of EMV has already had a significant impact on fraudsters’ behavior and doubled the incidence of new account fraud. The study also found that many consumers who do not trust their financial institutions are engaging in behavior that enables fraudsters to use their information for 75 percent longer. continue reading »last_img

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