Blog | G5 Cyber Security

South Korea New Target for Payment Fraud

Payment card frauds in South Korea exceeds that in other countries. South Korea’s high card-present fraud rates indicate a weakness in the countrys payment security that fraudsters are motivated to exploit, says Stas Alforov, security researcher at Gemini Advisory. South Korean merchants are slow to accept EMV chip card transactions at their POS devices, some experts say. POS devices are attractive targets for malware-based attacks, says Sriram Natarajan, COO at Quatrro Processing Services.”]

Source: https://www.cuinfosecurity.com/south-korea-new-target-for-payment-fraud-a-12897

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