Mastercard is getting rid of credit card numbers. Cards themselves may be next
Inside Retail
FEBRUARY 4, 2025
So-called card-not-present fraud , where an offender processes an unauthorised transaction without having the card in their physical possession, accounts for 92 per cent of all card fraud in Australia. For example, the 2022 Optus data breach exposed information from customers who had previously held accounts with the telco back in 2018.
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