In an article recently published by Security Magazine, Equifax’s Andy Smith discusses changes to the fraud landscape with the implementation of EMV technology in credit cards and retail.
Titled “Fraudsters Evolve to Tackle EMV Technology”, the article discusses the requirement for merchants to accept EMV technology cards. While these cards improve security for in-person transactions, they are less dependable when it comes to online purchases. There is a trend for an increase in online and identity fraud such as application fraud and account take-over as the transition to the new cards happens.
Read the full article to learn more about the coming changes with EMV and how it will affect the fraud landscape.
Andy Smith is Senior Vice President of Enterprise Fraud at Equifax. Andy currently oversees enterprise fraud solution development at Equifax for both private and public sector customers. He previously lead the Analytical team that develops custom fraud models and scoring tools. Prior to joining Equifax, Andy was a Vice President at Capital One in a number of analytical leadership roles covering fraud, credit, and marketing. He has a demonstrated record of accomplishment in all aspects of fraud, credit risk management, consumer financial services, and profit and loss accountability. Andy holds a B.A. in Criminal Justice from Temple University and an MBA from the Pamplin School of Business at Virginia Tech.
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