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Credit Card Fraud Stats - Protect Yourself from Being Scammed

As we use cash less and less, it’s no surprise that credit card fraud incidents are happening more frequently. How many people are actually affected? Can we protect ourselves?

Credit Card Fraud Statistics

  • Americans victimized by:
  •   Credit card fraud - 10%
  •   ATM/Debit Fraud - 7%
  • Median amount stolen - $399
  • Amount of fraud related to credit cards - 40%
  • Amount of credit card fraud worldwide - $5.55 bil

Credit Card Fraud by Type

  • Counterfeit cards - 37%
  • Lost or stolen - 23%
  • No-Card (ie giving info to fake telemarketers) - 10%
  • Stolen during mail fraud - 7%
  • Identity theft - 4%

Initial Point of Contact

  • Email - 48%
  • Internet - 12%
  • Telephone - 10%
  • Other - 17%

States With The Lowest Rate of Fraud

  • Nevada
  • Colorado
  • New Hampshire
  • Maryland
  • Oregon

States With The Lowest Rate of Fraud

  • Mississippi
  • South Dakota
  • North Dakota
  • Arkansas
  • Kentucky

Global Breach Incidents by Source

  • Malicious outsiders - 58%
  • Accidental loss - 24%
  • State Sponsored - 2%
  • Malicious insiders - 14%
  • Hacktivist - 2%
  • Other - < 1%

Global Breach Incidents by Type

  • Identity theft - 53%
  • Financial access - 22%
  • Account access - 11%
  • Existential data - 10%
  • Nuisance - 4%

Breaches by Industry

  • Government - 43%
  • Healthcare - 19%
  • Other - 17%
  • Technology - 12%
  • Retail - 6%
  • Education 3%
  • Financial - < 1%

Fraud Complaints by Age

  • 20 - 29 - 19%
  • 30 to 39 - 22%
  • 40 - 49 - 25%
  • 50 - 59 - 25%
  • 60 + - 10%

Top Credit Card Breaches

Heartland

  • When: 2008
  • Affected: 130 million customers
  • Cost: $110 million

TJX

  • When: 2005
  • Affected: 94 million customers

Sears

  • When: 1984
  • Affected: 90 million customers

Sony

  • When: 2011
  • Affected: 77 million customers

Target

  • When: 2013
  • Affected: 40 million customers
  • Cost: $146 million + CEO fired

Tips to Protect!

  • Keep your cards close to your body
  • Always verify the amount before starting
  • If there are blank spaces, fill in with a 0
  • Check your credit report yearly
  • Shred old bills with your CC number
  • Choose a card with fraud protection
  • Write “Please Ask For ID” on the back
  • Be careful online!
  • Keep your software up to date
  • Install a personal firewall
  • Use strong passwords + change often
  • Do not submit credit card info to a site without SSL protection

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