{"id":11929,"date":"2016-04-25T09:00:35","date_gmt":"2016-04-25T13:00:35","guid":{"rendered":"https:\/\/www.kaspersky.com\/blog\/?p=11929"},"modified":"2019-11-15T06:57:33","modified_gmt":"2019-11-15T11:57:33","slug":"us-emv-transition-increases-fraud","status":"publish","type":"post","link":"https:\/\/www.kaspersky.com\/blog\/us-emv-transition-increases-fraud\/11929\/","title":{"rendered":"Transition to chip-and-pin cards increasing fraud in U.S."},"content":{"rendered":"

Curios fact: in the United States the transition of merchants to EMV cards (popularly known as chip-and-pin cards), which has the purpose of fighting fraud, is actually driving fraud losses up<\/a>.<\/p>\n

Here\u2019s the thing: despite the fact that the deadline for U.S. merchants to adopt chip-and-pin cards has long passed, there\u2019s still a lot of shops who haven\u2019t switched to the new standard. According to Visa, though the top five big merchants that have adopted EMV saw their fraud levels decrease by 18.3 percent. On the flipside, merchants that haven\u2019t switched over are seeing fraud levels rise by 11.4 percent<\/b>.<\/p>\n

The reason is that fraudsters are really desperate in an attempt to get their money while the transition is in transition.<\/p>\n

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Are You Ready for Chip-and-PIN Credit Cards? Hackers Are! https:\/\/t.co\/GLUnTnIfuK<\/a> #infosec<\/a> #itsecurity<\/a><\/p>\n

\u2014 CBIZ Pivot Point Security (@pivotpointsec) April 22, 2016<\/a><\/p><\/blockquote>\n