Tag: types of credit card fraud


U.S. Credit Card Fraud Could Top $10 Billion by 2020

U.S. Credit Card Fraud Could Top $10 Billion by 2020

U.S credit card fraud is on the rise. A NASDAQ study showed incidents tripled from 2013 to 2014. Many experts believe the United States is particularly vulnerable due to the late and partial adoption of EMV standards technology, also known as chip-and-PIN technology. To make things worse, the new credit   Read More


Target Corp. Reaches New Settlement Over 2013 Data Breach

Target Corp. Reaches New Settlement Over 2013 Data Breach

Target Corp. has agreed to pay more than $39 million to resolve class-action claims from financial lenders that suffered losses after the company’s massive data breach in late 2013. The Minneapolis-based retailer was a victim of a criminal attack in December of that year, the result of which compromised the   Read More


Retailers Responsible for Mag Stripe Credit Card Fraud

As of October 1, all U.S. retailers are expected to have the new, more secure chip card payment terminals installed at their checkout counters. According to a recent survey from management consulting company The Strawhecker Group, however, only a quarter of those merchants have made the appropriate preparations to process   Read More