This blog was written by an independent guest blogger.
Cybercriminals have been well ahead of the curve when it comes to cybersecurity in the online retail industry. Specifically, criminals have been exploiting changes in purchasing behavior that favor online transactions and adapting their methods to take advantage of the authentication challenges arising when a card is not present (CNP) at the time of the transaction.
Indeed, in recent years, CNP fraud has become the predominant form of credit card fraud, accounting for more than 50% of all credit card-related financial losses. Unfortunately, when it comes to CNP attacks, both consumers and online retailers are only too willing to give hackers a helping hand.
Consumers frequently fall victim to phishing attacks, lose their data to skimming attacks (where card data is stolen during a physical card transaction) or fail to verify that their transactions are taking place on secure websites….
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Posted by: Nahla Davies |
The post Card-Not-Present fraud (CNP): Five things retailers can do to protect themselves from CNP attacks appeared first on Cybersecurity Insiders.
February 12, 2021 at 04:21PM
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