Randy Vanderhoof Summary

In 2012, citizens in the United States incurred 47.3% of global fraud. Imagine being one of the 47% who nearly lost everything (Vanderhoof, 213). One has the option to stand up to fraud or sit back and become a victim. Randy Vanderhoof explains the importance of technology in the fight against fraud at length in his article, “Can Technology Protect Americans from International Cybercriminals?” In his testimony, Vanderhoof expresses the importance of EMV (Europay, Mastercard, and Visa) chip technology in the fight against bankcard fraud (Vanderhoof, 212). Vanderhoof cites the high amount of security that EMV chips have beyond traditional magnetic stripe cards. In addition, Vanderhoof cites recent hacking events to illustrate the need for EMV
One important thing EMV brings to the table is a way to devalue personal information on the black market. Vanderhoof is able to play on the reader's emotions by mentioning past events, such as the Target data breach as discussed earlier. Another important aspect of EMV is the proof that it has worked in other nations, such as Latin American and Europe. This encourages one and makes them feel that they must transition to EMV. EMV will prevent criminals from cloning cards. One may ask what is the purpose of this EMV technology? The answer appears quite simple based on the assertions of Vanderhoof. Concern about protecting data must be aligned with the threats of modern times. When the magnetic stripe was originally introduced, computers were not available to everyone, and the majority of people did not know how to hack computers. Now, we need EMV because everyone has a computer and many people know how to effectively hack and clone credit cards. Therefore, these measures are important because they will help save companies millions of dollars while protecting citizens from identity fraud in the