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Key findings: 60% of U.S. credit card holders have been victimized by fraud, and 45% have experienced fraud multiple times. 52 million Americans had fraudulent charges on their credit or debit cards last year, with unauthorized purchases exceeding $5 billion.
Identity theft comes in many forms, with credit card fraud being the most common. Roughly 215,000 cases of credit card fraud were reported to the FTC in the first half of 2024. That's up 6% from ...
In total, the FTC reported 1,387,615 cases of identity theft. Meanwhile, credit card fraud was only the 14th largest source of reports. At 66,090 reports, it represented just 1.4%, a small fraction of those related to identity theft, imposter scams and online shopping and negative reviews.
Often, these card details are bundled with valuable personal information that lets criminals commit identity fraud or phishing attacks. NordVPN researchers have analyzed a dataset of six million credit cards on eight major dark web marketplaces to understand the risks posed by credit card theft.
Security.org's 2023 Credit Card Fraud Report revealed that 65% of U.S. adults have experienced a fraudulent card charge at least once, which amounts to around 151 million individuals [3]. The percentage of people who've experienced credit card fraud more than once has also increased.
Meanwhile, a 2021 survey by researchers at Security.org found that more than half of respondents — 58% — had experienced credit card fraud at some point in their lifetime, with 9% saying they'd...
Key Credit Card Fraud Statistics. Total value of credit card fraud: $246 million (2023) Annual global fraud losses (credit & debit card): $34.36 billion (2022) Total volume of credit card and debit card fraud losses: 6.81 cents per $100 (2020) & 6.78 cents per $100 (2019)
Short-circuiting the cyber-fraud life cycle. Understanding patterns and quick detection are key to stopping the cycle of card testing.
Data Breaches. Large banks and other businesses sometimes suffer from data breaches. Data breaches are usually the result of activities conducted by sophisticated, experienced and well-organized...
What is credit card fraud? Credit card fraud involves the unauthorized use of a credit card to obtain goods, services or funds. It’s a crime that affects individuals and businesses alike, leading to financial losses and compromised personal information.