The Business Impact of Card Not Present Fraud
Today’s consumer lives under the constant threat of identity theft and often worries that criminals will find a way to steal money from their bank or credit card accounts. And their concerns are warranted. Hackers’ methods are increasingly sophisticated and the number of attacks is on the rise.
Card Not Present Attacks on the Rise
As Man-in-the-Browser(MITB) and Point-of-Sale-based attacks are more carefully scrutinized and addressed, criminal hackers are now moving their attacks to more vulnerable online channels via Card Not Present (CNP) Fraud. This whitepaper discusses what CNP fraud is, and how it can be combatted with different security solutions.