Experts are sizing up the potential impact of indictments tied to a fraud scheme involving 160 million payment cards. The estimated losses linked to the nearly seven-year scheme are in the hundreds of millions of dollars. Experts don’t expect the latest fraud indictments to have much of an effect on card fraud and security breaches. But Shawn Henry, a former FBI director, contends the indictments could provide a significant cybercrime deterrent. Shirley Inscoe, a financial fraud expert and analyst at Aite Group, says this case won’t be much of a deterrent for cybercriminals.”]
Source: https://www.cuinfosecurity.com/will-indictments-curb-card-fraud-a-5940