More Than "Chip-and-Pin" Is Needed to Fend Off Card Fraud

Over the last few decades we’ve increasingly shifted from a cash and check based economy to a swipe based one as the adoption of credit and debit cards have soared. The downside of that shift, however, is the rise in payment fraud, which jumped nearly one-third in 2013, with 43% of survey respondents citing exposure to card fraud within their organizations. In 2012 that figure was 29%. At those levels, credit and debit cars are the second most popular vehicles for payment fraud behind checks. Last year, just under half of the population reported being affected by a data breach. Viewed from a different perspective, according to the Identity Theft Resource Center the number of tracked U.S. data breaches hit a record high of 783 in 2014, a 27.5% increase over 2013. - Source      

More Than "Chip-and-Pin" Is Needed to Fend Off Card Fraud