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Mastercard said Wednesday that it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of a cybercriminal. In its latest ...
Our bank accounts, personal identification numbers, tax returns, contact information for loved ones and other valuable data can be accessed more easily if we’re not careful. How to know if you ...
An IRS impersonation scam is a class of telecommunications fraud and scam which targets American taxpayers by masquerading as Internal Revenue Service (IRS) collection officers. [1] The scammers operate by placing disturbing official-sounding calls to unsuspecting citizens, threatening them with arrest and frozen assets if thousands of dollars ...
Debit card fraud is on the rise, both in the United States and abroad. “In 2020, U.S. citizens lost $10.24 billion to payment card fraud, compared to $9.62 billion in 2019,” Nord VPN CTO ...
A fake automated teller slot used for "skimming". Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal.
In 2012, identity theft was blamed for $4 billion of fraudulent tax refunds by the Internal Revenue Service (IRS) [8] and 770,000 taxpayers have been the victims of tax identity theft by 2013. [9] A public-private initiative by the IRS and employers in 2016 resulted in a 50% drop in incidents of taxpayer identity theft reports.
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Credit cards remain the most common form of payment for e-commerce transactions. As of 2008, in North America, almost 90% of online retail transactions were made with this payment type. [1] It is difficult for an online retailer to operate without supporting credit and debit cards due to their widespread use. [1]