![]() ![]() But Card Not Present fraud is so prevalent because many victims don’t realize their data has been stolen.įurthermore, CNP fraud only requires the criminal to have the credit card information, not the physical credit card. Many consumers are quick to notice a credit card missing from their wallet. Why CNP Fraud is More Prevalent than CP Fraud Fighting CNP fraud is a tough battle, but it’s one that merchants can win with the right solutions. Unsurprisingly, this increased interest in digital shopping also influenced a rise in Card Not Present fraud (also called CNP fraud). US consumers spent over $861 billion online with US merchants in 2020, which represents an astounding 44% growth compared to 2019. At the height of the pandemic, online shopping sharply increased to include 36% of consumers compared to 29% just a few months prior.
0 Comments
Leave a Reply. |