Smartcard Scam: Stakeholders – University of Strathclyde and Associates
Stakeholders by Susan Burns, George R.
S.
Weir, Department of Computer and Information
Sciences, University of Strathclyde and Associates, Glasgow G1 1XH, UK
Although cardholders are...
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Smartcard Scam: Stakeholders – University of Strathclyde and Associates
Stakeholders by Susan Burns, George R.
S.
Weir, Department of Computer and Information
Sciences, University of Strathclyde and Associates, Glasgow G1 1XH, UK
Although cardholders are usually the focus of concern in matters of card fraud, there
are other stakeholders in the establishment, use and maintenance of smartcards.
These
stakeholders are (1) cardholders; (2) merchants; (3) Acquirers; and each of these has
roles, responsibilities and risks in operation of the card system.
Research indicates that we can all do more to defeat criminals, particularly where
basic security measures are involved.
Statistics, such as the following [8], are particularly
alarming and highlight the need for cardholders to be aware of the risk and impact
if they fail to protect their PIN number and card details:
• 25% of all UK residents have disclosed their PIN to someone else, exposing them
to heightened risk of fraud and potenti
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