advertisement
advertisement
advertisement
  • 05.11.16

Chip cards drive credit card fraud online

Those new security chips make it harder to create counterfeit credit and debit cards, but that means more payment fraud will move from in-store to online, Quartz reports

That’s largely what happened when chip cards launched in the UK, the outlet reports, citing research that suggests global online fraud might jump from $2.9 billion in 2013 to $25 billion in 2020.SM