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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