New Survey Shows Credit Card Fraud Totals $136 Billion
The convenience and ease of credit cards comes with a downside – credit card fraud is a tempting and lucrative target for criminals.
According to a new Finder.com study, approximately 42% of consumers (roughly 103 million Americans) who use credit cards have experienced at least one fraudulent transaction in their lifetime. At an average loss of $1,319, credit card scammers have racked up approximately $136 billion in fraudulent charges – more than the current market value of McDonalds or General Electric and greater than the GDP of 132 countries.
How do you avoid becoming a victim of credit card scams? You can't eliminate all potential sources of credit card fraud, but you can greatly reduce the odds through pre-emptive action and goo...
from MoneyTips https://www.moneytips.com/2-of-5-us-cardholders-have-fallen-victim-to-credit-card-scams/507
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