Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016, but retailers are also busy with new data security enhancements such as point-to-point encryption and tokenization to better protect payment card data.
Nearly half of all credit card fraud around the world occurs in the U.S., although Americans account for just a quarter of global card volume, according to a recent Barclays report, which claims that the reason for the disproportionate fraud is that the U.S. still relies on outdated magnetic stripes, which are easy for hackers to replicate or manipulate.
Following several data breaches at U.S. companies, MasterCard Inc, the second-largest debit and credit card company in the world, is extending its zero-liability policy for cardholders in the United States to include all PIN-based and ATM transactions.
Who are the thought-leaders pushing the security industry forward, in government, cybersecurity, corporate security and education? Learn about this year’s security champions in our annual Most Influential People in Security report. Also in this issue: Data security concerns for healthcare institutions; ruggedized security technology; covert surveillance installations; how to polish up your resume and references; infinity background screening for workplace violence risk mitigation and more.