Visa Calls for Tougher Anti-fraud Measures

Credit card giant Visa is to spend $200m on what it calls 'anti-fraud measures', as criminal activity online continues to rise.

Data from the Anti-Phishing Working Group shows the total number of attacks around the world peaked in May at almost 15,000, and fell to 14,135 in July. However, the use of Spyware has risen - in April, 77 attacks contained password stealing programs, a figure which rose to 174 in July.

Earlier this year, 40 million card accounts were reported exposed to potential fraud as the result of a data breach. Twenty-two million of those were Visa cards. – Silicon.Com