EMV-compatible credit cards have been widely adopted in about 80 other countries. Card-not-present attacks — via phone, Internet — comprised the majority of fraud in Canada (61%), Germany (70%) and the UK (63%) in 2012. EMV has been tied to a decrease in overall levels of fraud, once countries stop authorizing payments from an EMV card that’s been swiped, says Dan Ingevaldson. Visa has been pushing merchants to adopt terminals that are compatible with EMV, for example.”]
Source: https://www.darkreading.com/attacks-breaches/target-breach-why-smartcards-won-t-stop-hackers