What happened at the G7 cybersecurity summit?

[SpartacusSystem]

This important meeting of security experts from around the globe discussed security initiatives for consideration by the G7 in order to ensure a shared approach among our countries. The focus on payment card crimes comes as a result of relentless cyber-attacks every day from sources all around the world. Just this year alone, there will be an estimated 42.8 million cyber-attacks.

The chip, known as EMV computer chip technology, prevents criminals from creating duplicates of the payment cards they steal and then sell on the black market. The computer chip creates a unique code (cryptogram) with every transaction. It’s something criminals have had a tough time counterfeiting ever since it was introduced in Europe and then Asia ten years ago. In the UK and France, the rollout of EMV Chip cards resulted very quickly in a reduction of counterfeit card fraud of over 75% and this figure has remained consistently low ever since.

This article is continued here

 

[_CyberGhosT_]

Thats good news, Thanks for this Spartacus
I will read the full article in a bit.