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 have migrated to using card details stolen in breaches online. Skimming and counterfeit fraud registered just $30.9 million, down nearly 48 percent from last year. CNP fraud accounted for 85 percent of all fraud on Australian cards, which totaled $561 million. The best solution is a digitally signed system where card details can be digitally signed by a shopper.”]
Source: https://www.fraudtoday.io/australia-battles-fraudulent-online-purchases-a-11408