Identity Theft: Unauthorized use of personal information (e.g., Social Security number) to commit fraud. ; Investment Scams: Misrepresentation of investment opportunities to deceive individuals into parting with their money. ; Credit Card Fraud: Unauthorized use of credit cards for personal gain. ; Mortgage Fraud: Misrepresentation of financial information to obtain a mortgage.
Even though credit card fraud is increasing in the United States, a report from security.org said it is still poorly understood.
Your credit card number could have been picked up by an employee at a company where you... according to Security.org’s 2023 Credit Card Fraud Report, up from 127 million the prior year.3...
While the problem of credit card fraud looms large, you can take steps to prevent becoming another credit card fraud statistic.
Consumer’s Guide to Credit Card Fraud / Don’t ○ Provide information over the phone unless you initiate a call to a trusted merchant. Check the companies phone number, address, and other information...
In the EU, €1.53 billion in card transactions were reported as fraudulent in 2021, with a 7% decrease in the total number of fraudulent card transactions compared to 2020 (ECB, 2023). In 2024, 93% of fraudulent charges involved US credit cards that were still in the owner’s possession. This type of fraud, called card-not-present (CNP) fraud, amounted to $174 million lost in 2023 (Security, ...
Occupational fraud occurs when employees deceive their employer through embezzlement, bribery, or other means. Consumer fraud includes scams such as phishing scams, advance fee schemes, and identity theft. Fraudulent credit card charges can be an upsetting and damaging reality for consumers, yet if reported promptly, the damage could likely be minimal. Many major credit card networks have zero liability policies in place that ensure you won’t be responsible for unauthorized transactions. Catch...
Carding is a fraud that occurs when a criminal uses stolen credit card information to buy gift cards. Learn how to protect yourself from carding.
Recovering from credit card fraud is a headache you can avoid. Here are several steps you can take to prevent it happening.
You might have wondered how safe your information is online. We explain what you need to know about credit card fraud and identity theft.