Chip-and-PIN cards are here to stay in the U.S. — despite some pushback from banks and retailers alike. While the switch means better protection for consumers and companies at point-of-sale (POS) terminals, there are new security threats on the horizon as scammers shift their efforts from brick-and-mortar stores to online transactions and more aggressive chip-and-PIN fraud. Here’s a look at the new face of credit crime.
Looking for evidence of new fraud formats? Start with the U.K., where chip-and-PIN cards, also known as Europay, MasterCard and Visa (EMV) cards, have been the retail standard for more than a decade.
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