Card-Not-Present Fraud Biggest Threat This Holiday Season

Card-Not-Present Fraud Biggest Threat This Holiday Season

November 25, 2016         Written By John H. Oldshue

Card-not-present (CNP) fraud will be the biggest security threat during the holidays, according to a recent study by Radial.

The 2016 Holiday Fraud Index, which studied EMV, cross-border and digital gift card fraud trends, found that since the launch of EMV cards, there has been a 30% increase in online fraud attacks in every market segment. Electronics, entertainment and jewelry saw the steepest increase in fraud attacks. While home and sporting goods are the least impacted items, but they are still a target.

Other key findings include:

  • Venezuela has the highest cross-border eCommerce attack rate (17.04%), and the U.S. Virgin Islands are the lowest (.06%).
  • China, Japan and Korea account for almost half of all cross-border eCommerce sales in the cosmetics and home market segments, and Korea and China will see more than 78% of sales in all segments during the holidays.
  • Surprisingly, cross-border eCommerce attacks drop 33% on Cyber Monday when compared to the rest of the holiday season.
  • After Christmas, digital card fraud is projected to skyrocket. Radial found digital gift card fraud is 10 times more likely during the holidays, and that jumps to 25 times after Christmas. Apparently, even criminals take a break for Christmas, as the attack rates hit an all-time seasonal low on that day.

The information contained within this article was accurate as of November 25, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About John H. Oldshue

John Oldshue is the creator of He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for
View all posts by John H. Oldshue
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