According to a recent survey by Capco, the fraud types that most concern US consumers are card and card data theft (46%), identity theft (44%), purchases they did not make (40%) and account takeover (35%).
The Payment Card Industry Data Security Standard (PCI DSS) is the security standard for protecting payment card data. Navigating the requirements of the PCI DSS and implementing the technical security controls can be quite complicated.
Thirty percent of consumers globally have experienced card fraud in the past five years, according to new global benchmark data from ACI Worldwide and Aite Group.
According to a new report from Barclays, 47% of the world’s credit card fraud happens in the United States, even though Americans only account for 24% of the total credit card volume.
As the list of major U.S. retailers hit by credit card hackers continues to grow this year, Americans are more likely to worry about having credit card information they used in stores stolen by computer hackers than any other crime.
P.F. Chang’s China Bistro has confirmed Friday morning that there has been a data breach involving customers’ credit and debit cards used at its restaurants. After learning of the breach Tuesday, the company began an investigation with the U.S. Secret Service and a team of third-party forensics experts “to understand the nature and scope of the incident, and while the investigation is still ongoing, we have concluded that data has been compromised,” according to a statement from P.F. Chang’s CEO Rick Federico.
