Javelin, Visa offer different takes on whether card fraud is moving online

According to a report released last week by Javelin, card-not-present fraud went up 40 percent this year, but according to a new report from Visa, there has been no increase in online fraud.

The increase in card-not-present fraud was part of a general increase in fraud, reported Javelin.

“We’ve been measuring fraud for over a decade and this past year is very significant because we hit a record high as far as the number of victims of identity fraud,” said Al Pascual, research director and head of fraud and security at Javelin Strategy & Research.

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