Identity fraud continues to grow – but in new forms that are harder to detect and prevent. That’s the message from the 2016 Javelin Identity Fraud Study.
The good news is that credit card fraud at the point of sale is declining as EMV (chip) cards are now more widely used. The bad news is that identity fraud is increasing online, where those chips have little protective value. And even worse, smart criminals are recognizing that they can steal a lot more money using personal information internationally – where fraud may take longer to be uncovered.
