Holiday shopping is here and so is the growth in the gifts that no one wants, but we keep on receiving— which is fraud. New research from ACI Worldwide shows that cyber thieves will be increasing on the prowl to lift payment card information in an effort to commit online fraud. ACI said its data was based on analysis of hundreds of millions of large global retailers, from the beginning of this year through July.
As has been widely noted, the continued adoption by merchants and issuers across the United States of EMV to gain some new measures of security means that CNP fraud will be an avenue that continues to entice criminals.
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