ECONOMÍA DIGITAL

Card-Present Fraud is Still a Risk

8 de Noviembre, 2018

Tiempo estimado de lectura: 1minuto

The study found that 60 million cards were compromised in the past month, roughly two-thirds of which were EMV-enabled products that were breached at the physical point-of-sale (POS).

Chip cards have finally hit the mainstream in the US — 69% of Visa cards (which serve as a good US proxy) were EMV-enabled as of June. And when they’re used, chip cards are particularly impactful at preventing fraud — merchants enabling EMV saw a 75% fraud decline between 2015 and the present. But because not all retailers have fully or properly implemented EMV — for a variety of reasons ranging from high costs to terminal certification backlogs to improper education — the opportunity arises for fraudsters to access user data. This is something we’ve seen anecdotally — earlier this year, skimmers and malware hit retailers that hadn’t fully enabled EMV — but is confirmed by Gemini, which saw that “shimmers” and malware, which sit between the chip and the POS system, can provide access to data. This study indicates that consumer information remains at risk, which is both directly and indirectly costly to merchants that can lose business or take hits to their reputations and should underscore the urgency with which players need to consider upgrading to and enabling EMV.

Fuente: Business Insider

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