Card Not Present Fraud , Events , Fraud Management & Cybercrime
Bracing for Uptick in CNP Fraud
CA Technologies' Carol Alexander on Steps to Take
As the U.S. completes its payments migration to the EMV chip, merchants and card issuers should be bracing for an uptick in card-not-present fraud, says Carol Alexander, head of payment security at software provider CA Technologies. To that end, merchants and banks should be investing in behavioral analytics and other data-mining software that will help them detect anomalous e-commerce activity before it results in big losses.
In an interview with Information Security Media Group at RSA Conference 2015 in San Francisco, Alexander discusses:
- How Visa's 3-D Secure can improve authentication of online payments;
- Why geo-location and other behavioral patterns are becoming increasingly critical for fraud detection; and
- The future of mobile wallets.
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