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For example, between June and November 2021, the number of physical skimming devices on ATMs and point-of-sale (POS) terminals soared 176% compared to the previous 12-month period, Visa reported Thursday (Oct. 6) in a press release sent to PYMNTS.

At the same time, the online fraud that accelerated so quickly during the pandemic remains the biggest threat, with Visa’s Global Risk team finding that nearly three-quarters of fraud and data breach cases involve eCommerce merchants, according to the release.

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