Application Fraud

Fraudster fashion and the global rise of application fraud

Application FraudWhen the EMV (chip and pin) liability shift went into effect in the US last year, many heralded it as a cure-all for the ever-increasing card fraud epidemic. Of course, EMV chip cards don’t do anything to combat online fraud, but they are having a downstream affect on online fraud. Fraudsters, not being completely stupid, are simply shifting their tactics. A crackdown on card-present fraud means the bulk of fraudulent efforts have now turned to card-NOT-present fraud – and will

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