-Cybercriminals

  • Hack into corporate computers and steal
  • Engage in all forms of computer fraud
  • Chargebacks are disputed transactions
  • Loss of customer trust has more impact than fraud
  • To reduce the potential for online credit card fraud sites:

- Use encryption technology
- Verify the address submitted online against the issuing
bank
- Request a card verification value
- Use transaction-risk scoring software

  • Smart Cards

- Contain a memory chip
- Are updated with encrypted data every time the card
is used
- Used widely in Europe
- Not widely used in the U.S.

1 comments:

Shelamie Paulin said...

i like your blog,simple but attractive;
MaganDA sa mata!!!!!

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