The perfect theft: the increase in card-not-present fraud
Fraud has always been an issue in the world of transactions, but since the pandemic, fraud has been on the rise, especially in regards to credit cards. Digital card-not-present transactions have grown rapidly in popularity because it is an easy and convenient payment method for online shopping. The pandemic and safety concerns have increased contactless card use, accelerating the growth in popularity of CNP transactions around the world. Unfortunately, this has also led to CNP fraud rates
Read more...