Eight Months of EMV: Early Fraud Shifts and Trajectory - Seguridad Mania.com - España y América Latina

The United States has finally joined the rest of the G-20 countries in upgrading to the EMV standard, though the path has certainly been a rocky one. At the same time that EMV gradually works its way into the fabric of U.S. payments, financial fraud continues to increase.  Account takeover (ATO), card-not-present (CNP) fraud, and application fraud are all rapidly rising, fueled by reams of data breaches that have given criminals vast stores of consumer data. Lessons learned from countries that preceded the United States in upgrading to EMV indicate that as the U.S. migration progresses, dwindling counterfeit card opportunity will further magnify the increases in other forms of fraud.