Fraud shift as a result of migration to EMV chip payments in the U.S. will extend beyond card-not-present payments, experts say. First-party or new account fraud and business email compromise attacks are likely to increase, too, as EMV shores up the security of card transactions at the point of sale. Financial fraud expert Shirley Inscoe said businesses are already seeing social engineering schemes that ultimately exploit staff members’ willingness to provide information to perpetrate fraud. The Federal Bureau of Investigation said social engineering is a grave worry for law enforcement globally.”]
Source: https://www.cuinfosecurity.com/blogs/emv-countdown-to-fraud-shift-p-1938