Hackers to payments fraud is like chameleons to their environment: They just simply adapt and hope not to be noticed.
That’s how TNS Head of Global Payments Strategy George Zirkel described the cat-and-mouse game that hackers play with the payments industry today. If using counterfeit plastic cards is no longer an option, they take those card accounts online. Card numbers dry up? They’ll just steal personal information and cobble together a synthetic identity. And as quickly as they move, that’s how fast those who would fight the good fight against fraud must adapt.