It’s official.
Since the cutover to EMV in October, fraudsters have moved their business online. And we can tell you just how much.
The Global Fraud Index, a PYMNTS and Forter collaboration, shows that online fraud attacks have jumped by 11 percent since the shift. Digital goods retailers have suffered the worst of all as those merchants (think games, songs, movies) have seen a more than 300 percent increase in fraud attacks since the liability shift.