Because payment cards with EMV security chips will proliferate within the market this year, experts expect that 2015 will be an active year for breaches. This is because criminals with tried-and-true methods of compromising existing POS systems will attempt to exploit the final window of time when those strategies are effective.
"It absolutely will be the worst year of fraud because criminals know we are putting bars on the windows with EMV," said Bob Letgers of Fidelity National Information Solutions. "They will exploit that channel as much as they can."
Letgers made his remarks during a panel at the Consumer Bankers Association conference in Orlando, according to the Orlando Sentinel. As the October deadline draws closer, hackers have at least six months left to … more