EMV greatly reduces the impact of in-store fraud, as the new cards with embedded chips generate a unique token for each transaction, making them difficult or impossible to counterfeit. But by almost all estimations, the U.S.’s move to EMV will lead to massive increases in ecommerce fraud, perhaps even more so than countries like the U.K. and Australia.
Many companies are so focused on developing products and running their business that they ignore the growing need for a compliance management strategy. By acting diligently and creating complete transparency within your organization or business, you invariably discover and resolve many hidden risks, saving you and your organization from easily avoidable losses.
Considering the prediction of the Wearable Technology Report that the wearable electronics business will grow from $20 billion in 2015 to almost $70 billion by 2025, it appears that the future is now. But 86% of the participants in the PwC survey expressed a fear that wearables would make users vulnerable to security breaches.