By Caroline Cooper contributing editor
• 16 Nov 2009
During last week's BAI Retail Delivery conference, card-security solutions provider MagTek treated select attendees to a poignant presentation about the risks of credit card fraud, a growing and worldwide issue. Given by Tom Patterson, MagTek's chief security officer, and Dr. Chris Corpora, a senior FBI advisor who specializes in cyber and international crime, the presentation touched on card fraud's devastating ramifications, the extent of which few fully understand, the speakers say.
"You may think it's just the money, but you'll find out very quickly it's not," Patterson said of the $4 billion card fraud business.The two speakers first demonstrated to the audience how easily the typical consumer's credit card might be compromised. Patterson showed the group an example of a small card skimmer, the type a restaurant server or retail cashier might use, and he spoke about how easy they are to obtain.
| ||||
