{"id":711,"date":"2015-10-28T15:55:38","date_gmt":"2015-10-28T15:55:38","guid":{"rendered":"http:\/\/www.abtek.com\/blog\/?p=711"},"modified":"2015-10-28T15:55:38","modified_gmt":"2015-10-28T15:55:38","slug":"cnp-merchants-how-to-maximize-data-security","status":"publish","type":"post","link":"https:\/\/www.abtek.com\/blog\/2015\/10\/cnp-merchants-how-to-maximize-data-security\/","title":{"rendered":"CNP Merchants: How to Maximize Data Security"},"content":{"rendered":"

Fraud and theft is not a new problem in the card-not-present and e-commerce marketplace. For years, criminals have been crafting schemes to steal data and cracking the codes that are meant to protect it. According to the latest reports<\/a>, merchants that sell goods online each spend an average of $10.1 million per year on fraud-related costs. And, with the crackdown on in-person fraud through the implementation of EMV chip technology, we can only expect to see card-not-present fraud numbers rise.<\/p>\n

The United States is the last major country to make the transition to EMV, so we can look to other countries\u00e2\u20ac\u2122 experiences for a glimpse of what we can expect to occur.. The general trend illustrates that as counterfeit and lost\/stolen fraud decreases due to EMV, criminals find alternate routes to commit theft\u00e2\u20ac\u201dprimarily in CNP environments<\/a>. While the UK was able to tame the problem by developing more advanced fraud analytics and using 3-D Secure technology, England is still working to combat the increase in CNP fraud since implementation of EMV in 2006.<\/p>\n

So what can e-commerce and other CNP merchants in the U.S. do to protect themselves from the impending fraud spike? Being proactive is key. Here are some of the top imperatives for maximizing data security:<\/p>\n