The National Retail Federation said it agreed with a warning from the FBI that new chip-based credit cards are safer than traditional cards but still vulnerable to fraud and need to be used with a PIN to minimize risk.
As part of an ongoing effort by government authorities across China to crack down on counterfeiting, law enforcement authorities in Wuxi, Jiangsu Province, broke up a counterfeiting ring selling fake Dow Corning silicone sealant.
Resisting a move to plastic money, Euro banknotes will remain paper as the European Central Bank chooses to fight counterfeiting with new security measures, according to Reuters. The ECF also has no plans to eliminate the 500-euro notes favored by some criminals.
Money is big business in Peru – over the past two years, Peru has overtaken Colombia as the top source of counterfeit U.S. dollars, according to the U.S. Secret Service. In response the service has opened a permanent office in Lima last year (only the fourth such office in Latin America), and has since helped Peru arrest 50 people on counterfeiting charges, CBS News reports.
An increasingly sought after botanical DNA-based security and authentication solution protects products, brands and intellectual property from counterfeiting and diversion in the United States and Europe.