Monday, November 12, 2018

There is a reason why some features have a "Security" tag - If you don't use them then you won't get security - For Example: A full 60 million U.S. cards were compromised in the past 12 months. While 93 percent of those were EMV chip-enabled, merchants continued to use mag stripes.



Interesting bit - U.S. leads the rest of the world in the total amount of compromised EMV payment cards by a massive 37.3 million records

75 percent, or 45.8 million, were records stolen from in-person transactions (“card-present” in the industry parlance). These were likely compromised through card-skimming malware and point-of-sale (POS) breaches at establishments like retailers, hotels and restaurants.

“There are numerous merchant locations that are still asking their customers to swipe rather than use the chip-insert method, thus completely neglecting the EMV security features,”

https://threatpost.com/u-s-chip-cards-are-being-compromised-in-the-millions/139028/

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