State of Card Fraud: 2016
The underlying theme of card fraud in 2016 is uncertainty, which fraudsters are continuing to capitalize on. From EMV implementation to pending legislation in Congress, there are many variables contributing to the lack of industry consensus when it comes to the future of data security and fraud prevention.
Ultimately, consumers are unaware of the battles fought in the trenches -- but they do know they are continuing to see fraud on their cards, and until significant change is made, they will continue to blame card issuers. As fraud shifts from CP to CNP (card not present), institutions that adopt fraud prevention and detection technologies will gain a strong competitive advantage in the marketplace.
Explore the dynamic ecosystem of card fraud and data breaches that is affecting consumers, merchants, and financial institutions at all levels in State of Card Fraud: 2016.