The global movement in the payment card industry to deploy EMV fraud fighting technology has unexpectedly contributed to fraud in loyalty programs. Organized crime, which sees long-term opportunities diminishing for payment card fraud, sees growth potential in the theft of loyalty points, which previously had been a problem associated with employees of program operators and individual members of programs. In recent years, data breaches have made loyalty programs victims of account takeover. Large-scale breaches provide professional criminals with the data they need to make a profitable b...