Posts Tagged ‘cybercriminals’

Online Shoppers at Risk for Identity Theft

Posted on March 03, 2017 by Laura Lam

Fraud reached record highs last year, and online shoppers took the biggest hit. According to a recent report released by Javelin Strategy & Research, in 2016 fraud increased a staggering 40% for identity card-not-present (CNP) transactions. With Americans now making 51% of purchases online, that increase in online identity theft is especially concerning. EMV chip cards have helped.  Chip cards are more secure than magnetic stripe cards during in-person transactions. Chip cards have eliminated the ability for criminals to counterfeit cards and use them in person at brick and mortar retailers, because the chips and new card readers work together to create…