https:\/\/wallethub.com\/edu\/credit-debit-card-fraud-statistics\/25725\/<\/p>\n
To be quite frank, credit card scams and credit card fraud scares the living daylights out of me. The thought of some stranger having all of my personal financial information is terrifying mainly because with knowledge comes power, and that power may just be financially ruining me. However, through this article of statistics on Credit and Debit Card Fraud, I was surprised that it\u2019s really the card issues (74%) and merchants and ATM acquirers (28%) who incur most of the fraudulent losses.<\/p>\n
Interestingly enough, \u201cin 2015, US accounted for 38.7% of the worldwide payment card fraud losses but generated only 22.9% of total volume\u201d (Nilson Report, October 2016). The reason that the US has such high fraud losses compared to its contribution of worldwide total volume may be attributed to the development of more complex fraud schemes. Additionally, from Javelin Strategy & Research, 2016-2017, although switching to EMV reduced existing card fraud, the US saw a 113% increase in new account fraud, which now accounts for 20% of all fraud losses. Essentially, despite these precautions, people are just getting more clever at stealing money.<\/p>\n
Additionally, the most recent largest credit card data breach is from Home Depot in 2014 with 56 million. With the push for online sales, protecting customer data has and will surely play a larger part in the fintech industry.<\/p>\n","protected":false},"excerpt":{"rendered":"
https:\/\/wallethub.com\/edu\/credit-debit-card-fraud-statistics\/25725\/ To be quite frank, credit card scams and credit card fraud scares the living daylights out of me. The thought of some stranger having all of my personal financial information is terrifying mainly because with knowledge comes power, and that power may just be financially ruining me. However, through this article of statistics on … Continue reading Credit Card Scams and Fraud Facts<\/span><\/a><\/p>\n","protected":false},"author":1808,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1403","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":0,"qubely_featured_image_url":null,"qubely_author":{"display_name":"lphoa","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/lphoa\/"},"qubely_comment":0,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"https:\/\/wallethub.com\/edu\/credit-debit-card-fraud-statistics\/25725\/ To be quite frank, credit card scams and credit card fraud scares the living daylights out of me. The thought of some stranger having all of my personal financial information is terrifying mainly because with knowledge comes power, and that power may just be financially ruining me. However, through this article of statistics on…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1808"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=1403"}],"version-history":[{"count":2,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1403\/revisions"}],"predecessor-version":[{"id":1587,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1403\/revisions\/1587"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=1403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=1403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=1403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}