Smartcards 'pushing credit card crime to Australia'

Wednesday, 19 March 2003, 3:36 PM EST

The Australian Institute of Criminology (AIC) has raised the spectre of Australia becoming a haven for credit card criminals, in its latest research on electronic crime.

According the institute's latest research on e-crime displacement trends, Australia is in danger of becoming a hot-spot for magnetic-stripe card fraud, attracting criminals from locations such as Europe and other markets in the Asia-Pacific where take-up rates of cards with more sophisticated security protection features are higher.

Visa Australia, which is seeking to integrate its contact-less chip credit cards with smart card-based state public transport mass ticketing facilities, said Australia was in danger of becoming a main point of card fraud in the Asia Pacific region.

[ Read more ]




Spotlight

Why collaboration is crucial in the battle for IT security

Guy Wertheim, the CTO at Comilion, talks about the importance of collaboration and data sharing in the battle for increased security.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Wed, Sep 2nd
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //