One cyber company is predicting a significant increase in card-not-present fraud—fraudulent transactions where a credit card is not physically presented to a merchant—from Black Friday to Cyber Monday when compared to past years.
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a recent Barclays report, which claims that the reason for the disproportionate fraud is that the U.S. still relies on outdated magnetic stripes, which are easy for hackers to replicate or manipulate.
Thinking of building your own Global Security Operations Center? Learn from four leading enterprises about how they developed or modified their GSOCs to bring the most value to their enterprises. Also in this issue: how to attract better cybersecurity talent, healthcare data compliance, working with integrators to test security technology, the 2017 ISC West Product Preview and much more!