Blog | G5 Cyber Security

FICO: Debit Card Fraud Spiked in 2016

The number of debit cards that were compromised after the hacking of ATMs or point-of-sale devices rose by 70 percent in 2016 versus a year prior. Most ATMs, especially off-premises ATMs at retail locations, have not yet been upgraded to accept EMV chip cards. The U.S. is moving to EMV, which uses payment cards with a microchip containing security features designed to counter illegitimate card use. Most of off-Premises ATM ATMs are likely to be upgraded to accepting EMV chips.”]

Source: https://www.inforisktoday.com/blogs/fico-debit-card-fraud-spiked-in-2016-p-2442

Exit mobile version