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According to data from Javelin Strategy & Research, 2016 was a strong year for CNP fraud, rocketing from 2.4% of consumers to 3.4% of consumers, a staggering 40% year-on-year increase. Was this caused by EMV?

“Criminals aren’t moving that quickly from POS to CNP, but they don’t necessarily have to,” says Al Pascual, SVP, research director at Javelin. “Online fraud can occur much more frequently than in person (consider the impact of bots) — so there is a force multiplier effect when fraudsters go online. I suspect the curve will become even steeper.”


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