Merchants and Cybercriminals Duke It Out: No Signs of Slowing
Report Summary
Merchants and Cybercriminals Duke It Out: No Signs of Slowing
Merchants must deploy effective online risk-mitigation technologies prior to the EMV shift.
Boston, July 1, 2014 – While the EMV transition has the potential to dramatically reduce counterfeit credit card fraud at retail stores, criminals won't just go away after the change. Merchants, issuers, acquirers, and vendors are continually innovating online fraud-mitigation technologies, but if the only true way to prevent fraud is to close up shop, how can risk managers thwart the next big attack?
This Impact Note, based on March through May 2014 Aite Group surveys and phone interviews of 36 senior risk management executives from U.S. merchants, examines the state of card fraud and the various risk-mitigation technologies merchants are planning to use or have already deployed to combat those attacks.
This 29-page Impact Note contains 11 figures and five tables. Clients of Aite Group's Fraud & AML service can download this report.