Wrapping Up Holiday Card Fraud: 10 Tips for Helping Your Members Deal
‘twas the season for holiday debit and credit card fraud. The numbers are still preliminary, but it looks like fraud was slightly on the rise during the 2012-13 holidays.
That isn’t surprising, given that new technology in the form of EMV chip-and-PIN cards is on the horizon. Today, fraudsters can still make good use of their existing expertise in counterfeiting magnetic stripe cards, and they’re going to make hay while the sun shines. On the other hand, ever-more-sophisticated fraud detection programs have prevented crooks from running rampant.