Forbes Reports Major Increase In Credit Card Fraud - Security Measures For The Public
Experts at Forbes report that credit card fraud is on the increase and the public should be aware and protecting themselves
Director of payment services at Ingenico, Allen Friedman, stated that increased fraud is in fact already here; "sixty-seven percent of the UK-issued card fraud is from the US." He went on to say "a lot of counterfeit fraud is from European issuers since the fraud is migrating to the easiest target, and the easiest target is now in the US."
It has been said recently that preventing fraud will take layers of security, and this includes individuals doing what is available to ensure the protection and security of personal and business bank cards.
Here are some statistics about credit card fraud in the United States:
- 17% of Americans have been victims of credit card fraud and/or debit card/ATM fraud
- 40% of all financial fraud in the USA is related to cards
- The median amount reported on individual credit card fraud claims is $399 per card
- The total amount of credit card fraud worldwide is $5.55Billion
- Those most at risk from credit card fraud are aged between 30 and 60, but fraud is also common amongst younger and older generations
One way in which individuals can protect confidential financial and personal information is by using RFID Blocking Sleeves which secure cards against electromagnetic interference. Dearo RFID Blocking Sleeves are available to purchase from Amazon in packs of 10 and will protect a full purse or wallet of cards against fraud and identity theft. The sleeves hold one card each and fit in a wallet or purse, securing confidential information from wireless theft from thieves using any device within range.
Dearo provides high-quality RFID Blocking Sleeves which protect owners of credit, debit, and other smart cards from fraud and identity theft in an easy, simple and very cost-effective way. Dearo strives to provide peace of mind to ensure that the public can continue to use smart cards confidently and safely.
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