A spree of payment card fraud incidents at multiple retail locations in Seattle has prompted an investigation by law enforcement authorities. And security experts say these crimes can be expected to happen more frequently as credit/debit card fraud evolves.
This week's top news and views: Version 2.0 of the PCI Data Security Standard hits the streets and takes effect Jan. 1. And Identity theft is on the rise, and a new study from FinCEN finds that it's not cyberattacks that are compromising most consumers -- it's family and friends.
Card fraud, globalization and emerging technology are pushing U.S. merchants and card issuers to take closer looks at the EMV chip standard, and the PCI Security Standards Council is helping to lead the charge.