2014 Faces of Fraud Survey Results: 70 percent of respondents were affected by the Target, Sally Beauty, and Neiman Marcus breaches. The larger banks are better equipped to handle these kind of events than smaller banks. The payment system, if you look at it holistically, is designed to carefully balance security and convenience. EMV is only one of the techniques we can use to cover the risks associated with large retail breaches, but certainly not all of them. The problem is, EMV does not protect against the exact scenario which happened at Target and several other retailers.”]
Source: https://www.cuinfosecurity.com/fighting-back-against-retail-fraud-a-7225