Credit card fraud is one of the most common types of identity theft, stemming from the theft of credit cards and card information via compromised e-commerce websites, bad security practices and data breaches.
The US is a leading hub for credit card fraud, accounting for about 40% of all reported fraud losses in the world. According to recent statistics, about 80% of US credit cards found in circulation today are compromised.
Here are the top ways fraudsters and cybercriminals gain access to your credit card information:
Fraud doesn’t just hurt you financially, it can also affect your mental health. Many victims report depression or feelings of powerlessness and stress.
Telltale signs of credit card fraud or compromise include:
How to protect your credit card information and financial data
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