NIST Calls For Comment of Ecommerce Security

In an effort to reduce online fraud, the National Cybersecurity Center of Excellence (NCCoE), a subdivision of the National Institute of Standards and Technology (NIST), announced it is now accepting feedback on its draft exploring the ways in which multi-factor authentication can help to mitigate fraudulent online purchases.

As was the case in Europe after retailers adopted chip-and-pin technologies, retailers in the US have seen a spike in ecommerce fraud. In fact, the US saw a 30% increase in online fraud and credit card theft during 2017.

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