Despite the introduction of more secure chip technology (also known as Europay, Mastercard, and Visa, or EMV technology), credit card fraud remains a concern for retailers and consumers everywhere. The latest data reveal that criminals aren’t giving up on card theft; they are just changing their tactics. This post provides Read More
Tag: fraud statistics
Credit card fraud is defined by Wikipedia as “a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to Read More
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More than 5 percent of holiday returns in 2017 are expected to be fraudulent, according to retailers. That would put the total loss to retailers from return fraud—for just the holiday season—at more than $2 billion. Fraud statistics for the year suggest that retailers will lose more than $9 billion Read More
Last year’s BDO FraudTrack report shows that the total value of reported fraud in 2015 was £1.5 billion (~$1.9 billion), representing an increase of 110 percent from the previous year and the highest fraud statistics value recorded since 2011.
The report, which examines reported fraud cases over £50,000 (~$65,000) in the Read More