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Credit card security has no silver bullet

Discussion in 'CSO' started by RSS, Jan 28, 2016.

  1. RSS

    RSS New Member Member

    The fight to curb credit card cybercrime might seem a bit like trying to force the air out of a sealed balloon: Squeeze it in one place, and it simply bulges out in another.

    That is the image suggested by multiple predictions that, as the shift to EMV (Europay, MasterCard, Visa) technology makes in-person, point-of-sale (POS) transactions more secure, criminals are shifting the bulk of their attacks to online, or card-not-present (CNP) transactions.

    Indeed, Javelin Strategy & Research predicted more than a year ago that CNP fraud will be four times that of POS fraud by 2018.

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