#14unit 1online security and payment system
Credit card fraud / Theft
Theft and misuse of payment card information.
Unit 1Online Security and Payment SystemTopic #14Published
Credit card fraud / Theft
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Credit card fraud is the theft and misuse of payment card information. Today, the most frequent cause is systematic hacking of corporate servers storing millions of card records, making it a major e-commerce security threat.
- Define credit card fraud in the e-commerce context.
- Identify historical and modern causes of credit card fraud.
- Explain why establishing customer identity is a central security issue.
- Describe the role of EMV technology in reducing fraud.