Fraud & Risk
Trends in CNP Fraud: Why Fraud Detection Begins Before the Checkout
Aite Group reviews the three favored attack vectors for card not present fraud: stolen cards, account takeovers, and rogue apps (mobile malware). The anticipated impact of EMV on US CNP fraud is discussed, as well as what strategies merchants are taking to combat fraud. Finally, NuData Security shares insights into how merchants can predict fraud, rather than merely detecting it, by monitoring multiple event flows and using behavior analysis prior to purchase submission.