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Data breaches involving huge numbers of payment cards and other sensitive information show no sign of abating, while cyber fraud is, if anything, set to grow in the coming years.


  • Investments in IT security should seek to make it as expensive as possible for hackers to penetrate their systems, and then prioritize detection and mitigation of breaches.

Features and Benefits

  • Understand how fraud has moved online and why.
  • Understand the kinds of technology enterprises need to invest in against data theft and fraud.

Key questions answered

  • How does cybercrime feed into fraud activity?
  • Why will the US adoption of EMV drive more fraud online?

Table of contents


  • Catalyst
  • Ovum view
  • Key messages


  • Recommendations for enterprises

PII, PHI, and PCI are types of personal data

  • Three major categories of personal data need to be protected

Fraud is adapting to the online world

  • Fraud has gone online
  • Data theft has proliferated
  • Cybercrime is a provider and a locus for fraud
  • The dark web is a boon for cybercrime

Data theft protection is a multifaceted undertaking

  • Defense requires people, processes, and technology
  • Attacks use multiple vectors

Cyber fraud requires behavioral monitoring

  • Online channels enable CNP fraud
  • Biometrics are a way forward against online fraud


  • Further reading
  • Author

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