Why the U.S. Has not Adopted Chip-Based Credit Cards
U.S. issuers have preferred taking huge mag-stripe-related fraud losses, because a switch to the more secure EMV card technology would've been even more costly....
Tag: data security
How Our Credit Cards Are Breached and What to Do about It
Companies that are victims to data breaches suffer damage to their reputations and lose customers. Yet, data breaches in the U.S. are exploding in number....
How European Banks Help Criminals Get Top Buck for Stolen Credit Cards
By shutting down their systems on weekends, European credit card processors are helping criminals get the best price for the stolen card data they sell....
Using ‘Big Data’ to Fight Hackers
Though Visa and its rivals have been investing heavily in their fraud-prevention systems, their efforts are yet to produce measurable results in the U.S....
Skimming, Cloning and Credit Card Fraud
Consumers are not directly hit by credit card skimming losses, but that doesn't mean that we are left untouched by their indirect effects....