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Australia Battles Fraudulent Online Purchases

Card-not-present fraud in Australia is up 13.9 percent from 2016. The biggest source of that fraud is online payments made without the physical card. Fraudsters re-use stolen payment card details to make online payments more secure. The increase in CNP fraud follows a well-known pattern, as EMV-enabled chip cards have led to lower levels of in-person fraud. A bright spot in the report is that skimming and counterfeit fraud registered just $30.9 million.”]

Source: https://www.cuinfosecurity.com/australia-battles-fraudulent-online-purchases-a-11408

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