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Visa: EMV Cards Cut Down Counterfeit Card Fraud in the US by 70%

Visa said last week that two years after US retailers started deploying terminals that could read chip-based credit and debit cards, reports of counterfeit card fraud have dropped by 70%. EMV adoption among US retailers soared from 392,000 shops in September 2015 to over 2.7 million stores in December 2017, accounting for 59% of all US storefronts. The FBI warned users in 2015 not to consider themselves safe just because they’re using a chipped card. The number of EMV chip-and-PIN cards grew in the US from 159 million in September.

Source: https://www.bleepingcomputer.com/news/security/visa-emv-cards-cut-down-counterfeit-card-fraud-in-the-us-by-70-percent/

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