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Visa Stats: Franchisee Security Changing, But Not Necessarily Improving

Written by Evan Schuman
November 11th, 2010
Newly released Visa stats on franchisee security breaches suggest a maturing of the security space, but not necessarily maturing into a more secure arena. The figures paint a picture more akin to burglaries that move from picking door locks to climbing into windows when confronted with more sophisticated door locks. Is it better? Not necessarily. But it's different.

In a look at how many of Visa's fraud reports came from its top five franchisee verticals (restaurants, apparel, direct marketing, sporting goods and lodging) over three years (2008 to 2010), the biggest short-term change was with restaurants, which plunged from 24 percent in 2008 to 9 percent in 2009.

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Posted in E-Commerce, In-Store, IT Strategy/Industry, Payment Systems, Premium Content, Security/Fraud
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