F RAUD ON Online and Card-not-Present T RANSACTIONS Richard J. - - PowerPoint PPT Presentation

FRAUD ON Online and Card-not-Present TRANSACTIONS

Richard J. Sullivan Economic Research Federal Reserve Bank of Kansas City

Presentation to the

Symposium on Improving Security for Online and Card-not-Present Transactions Federal Reserve Bank of Chicago September 26, 2011

The views expressed in this presentation are those of the author and do not necessarily reflect those of the Federal Reserve Bank of Kansas City or of the Federal Reserve System.

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PCI Compliance Rates and the Number of Publicly Disclosed Data Breach Incidents Among Retail & Commerce Firms

Incidents Retail & Commerce Data Breaches PCI Compliance Rate - Level 1 Retailers

£0 £50 £100 £150 £200 £250 £300 £350 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 millions

UK Payment Card Fraud Losses

Phone, internet and mail order Counterfeit Lost or stolen cards Card ID theft

Chip and PIN deployment