Fraud Management & Cybercrime: Mobile Wallets: The Next Fraud Target? Video Interview with Javelin’s Al Pascual on Evolution of Fraud: “Mobile wallet fraud will be the next big thing after CNP [card-not-present fraud],” he says. He says weak identity and verification practices during the mobile-wallet onboarding process have made it too easy for criminals to hijack mobile accounts. With stolen online credentials, fraudsters can open new mobile wallet accounts that fool banks’ new-account verification methods.”]
Source: https://www.cuinfosecurity.com/mobile-wallets-next-fraud-target-a-9419