Tag: debit card fraud
Experian has noted that credit card fraud is the most common form of personal financial fraud. Statistics say that 47 percent of adults in the United States have reported being victimized by a fraudulent purchase on their credit or debit card, and that percentage is predicted to rise. Read More
Three years after the switch to new chip-based credit and debit cards, a study released recently by the National Retail Federation and Forrester says payment card fraud is still a top concern for large US retailers as criminals move their activities online.
“The implementation of EMV chip cards and chip card Read More
According to online statistics database Statista, the value of payment fraud losses in the United States rose from $5.6 billion in 2012 to an estimated $9.1 billion in 2018. Read More
Two Romanian nationals were indicted by a federal grand jury in Virginia Wednesday and charged with bank fraud, debit card fraud, and aggravated identity theft. Florin Bersanu, 31, and Viorel Naboiu, 43, are accused of installing skimming devices on ATMs in Virginia, West Virginia, and Florida according to the indictment. Read More