Andy Smith, former senior vice president, identity and fraud at Equifax, discusses the types of scams fraudsters are attempting in the wake of the US EMV liability shift. Financial institutions need to deploy new, layered defenses that take advantage of the latest technological advances, such as biometrics, along with sharing data with other banks. Smith also discusses how information tracking and data sharing can reveal the amount of times a single Social Security number is used to open fraudulent accounts; how Canadian and UK banks have used data sharing successfully to crack down on fraud.”]
Source: https://www.cuinfosecurity.com/fighting-fraud-post-emv-a-8689