Merchants step up online fraud protection as data theft rises
Credit-card chip technology draws criminals from brick-and-mortar stores to the Web
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Washington
THE adoption of credit-card chip technology by US retailers is having an unintended consequence: Criminals are moving from brick-and-mortar stores to the Internet.
The use of stolen card data to pay for merchandise on websites, in mobile apps and by dialling call centres surged 40 per cent last year, according to a report from Javelin Strategy & Research released Wednesday.
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