Card with chip is good apparently: http://www.forbes.com/sites/halahtouryalai/2012/10/22/countries-with-the-most-card-fraud-u-s-and-mexico/
> Another reason the U.S. ranks high on the fraud list: It is not on the EMV > standard. EMV is short for Europay, Mastercard and Visa. It is a standard > followed by most European countries to ensure card security via microchip in > credit and debit cards. > > “EMV provides an extra layer of security for consumers which have helped drop > the fraud levels down in Europe,” says Mike Braatz, senior vice president, > payments fraud, and ACI Worldwide. > > The EMV standard is expected to begin in the U.S. beginning in 2013 but > Braatz says it will take several years before it’s fully implemented. Why? > Systems across the country need to be updated to read and accept the chips. > Issuing banks like Bank of America, Citi, JPMorgan Chase and others would > have to update their ATMs and card systems, for instance. > > EVM could help explain why most countries with the lowest frauds in the > survey are primarily European. The Netherlands and Sweden are at the bottom > of the card fraud list with just 12% of consumers there experiencing fraud in > the last five years. -- Kim Holburn IT Network & Security Consultant T: +61 2 61402408 M: +61 404072753 mailto:[email protected] aim://kimholburn skype://kholburn - PGP Public Key on request _______________________________________________ Link mailing list [email protected] http://mailman.anu.edu.au/mailman/listinfo/link
