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FindLaw Corporate Information: Company Background. (n.d.). Retrieved April 17, 2018, from https://company.findlaw.com/company-history/findlaw-corporate-information-press-company-background.html
We help you reach top WalletFitness™. (n.d.). Retrieved April 17, 2018, from https://wallethub.com/about/
https://www.bankrate.com/finance/credit-cards/credit-card-fraud.aspx

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This website gives us the statistic information related to the frauds happening with credit / debit cards. On this website we can also check our credit score as well as recent updates in the credit reports. This website also provide us the advice related to the improvement in credit and also gives us 24 /7 wallet surveillance.

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Despite the fact that fraud only impacts a fraction of one percent of all purchases made with plastic, according to data from the Federal Reserve, it represents one of the biggest concerns among consumers. This can largely be attributed to the catastrophic impact of the worst-case scenarios that run through people's minds as well as the notion that regardless of how low the incidence of fraud may be, no one wants to be the exception to the rule and find their hard-earned money siphoned away by criminals.

What consumers generally do not know is that they are shielded from liability for unauthorized transactions made with their credit cards via the combination of federal law issuer/card network policy. As a result, financial institutions and merchants assume responsibility for most of the money lost as a result of fraud. For example, card issuers bore a 72% share of fraudulent losses in 2015 and merchants and ATM acquirers assumed the other 28% of liability, according to the Nilson Report, October 2016.

The following statistics will give you a better sense of the credit card and debit card fraud landscapes as well as how both have changed over the years.

Global Credit card and debit card fraud resulted in losses amounting to $21.84 billion during 2015. Card issuers and merchants incurred 72% and 28% of those losses, respectively, with the following transaction breakdown:
Card issuer losses occur mainly at the point of sale from counterfeit cards while merchant losses occur mainly on card-not- present (CNP) when customers buy online or pick up in a store

(Source: Nilson Report, October 2016)

During 2015 credit card and debit card gross fraud losses accounted for roughly 6.9₵ per $100 in total volume, up from 5.7₵ per $100 in 2014.

(Source: Nilson Report, October 2016)

In 2015, US accounted for 38.7% of the worldwide payment card fraud losses but generated only 22.9% of total volume.

(Source: Nilson Report, October 2016)

Retailers incur $580.5 million in debit card fraud losses and spend $6.47 billion annually on credit and debit card fraud prevention annually.

In 2011, 59% of the more than 37 billion debit card transactions that were made were verified by signature, 85% of all fraudulent debit card transactions involved signature "verification," and $1.15 billion of the total $1.35 billion in debt card fraud losses (85%) stemmed from signature debit card transactions.

(Source: PaymentsJournal, Feb. 2012)

Fraud against bank deposit accounts cost the industry $1.910 billion in losses in 2014. Debit card fraud accounted for 66 percent of 2014 losses.

In addition to the estimated fraud loss amount, banks' prevention measures stopped another $11 billion in fraudulent transactions.

In 2015 the U.S. switched to EMV, which resulted in reduced existing card fraud. It also his drove a 113 percent increase in incidence of new account fraud, which now accounts for 20 percent of all fraud losses.

Identity theft is a form of fraud that often results in unauthorized credit card and debit card transactions. In 2016, the number of identity fraud victims was at its peak in six years at 15.4 million, and the fraud losses resulting from identity theft amounted to 16 million a 6.7% increase from 2015.

The majority of identity theft victims (86%) experienced the fraudulent use of existing account information, such as credit card or bank account information.
Largest Credit Card Data Breaches
(Sources: CSO Online, July 2014 and Feb. 2012; ABC News, June 2010 and July 2013)
Online Fraud Losses by Year (U.S. and Canadian Merchants)

Year

% Revenue Lost to Online Fraud

Revenue Lost to Online Fraud (in Billions)

(Source: CyberSource, 2013)

Revenue Lost to Online Fraud (in Billions)

(Source: CyberSource, 2013)
Annual eCommerce Losses Due to Fraud (All Payment Types)
(Source: CyberSource, 2013)
Issuers' Profit and Loss Analysis for Debit Card Transactions - Signature vs. PIN ($ Per $1,000 in transactions)
Issuers' Revenues for Debit Card Transactions

Issuers' Costs for Debit Card Transactions
Cardholders Impacted by Fraud (by Country)
(Source: ACI Payment Systems, 2016)
Annual Global Fraud Losses (Credit & Debit Cards)
(Source: Nilson Report, October 2016)

Annual Global Fraud Losses (in Billions)

(Source: Nilson Report, October 2016)

Value of credit card frauds reported by US consumers to Consumer Sentinel Network(in millions)

*Note: These represent the total amount of credit card frauds reported by US consumers. Values reported by credit card issuers are much larger.
Source: Consumer Sentinel Network, Annual Reports
Best and Worst States regarding Credit Card Frauds Complains reported by US Costumers per 100,000 Inhabitants

States with Highest Credit Card Frauds Complains

Percentage

States with Lowest Credit Card Frauds Complains

Percentage

Source: Consumer Sentinel Network, Annual Reports
More information about credit card fraud:
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Credit Card & Debit Card Fraud Statistics

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Despite the fact that fraud only impacts a fraction of one percent of all purchases made with plastic, according to data from the Federal Reserve, it represents one of the biggest concerns among consumers.

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Website#2 Information related to frauds 

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Website#2 Information related to frauds 

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In this website we can get all the important information related to the credit/debit card frauds. In this website we get to know different types of credit / debit card frauds it tells that how robbers can steal our money and secondly we can also get the information related to the prevention of these frauds. It is a really good website which explains all about the frauds.

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Media reports of credit card fraud are enough to get anyone's attention. And it's good to be cautious. In fact, Statistic Brain reports that approximately 10 percent of Americans have been victims of some form of credit card fraud.

Of course, that doesn't mean you should stop using credit cards. Instead, you should be familiar with credit card fraud so you know how to protect yourself.

How credit card thieves operate

Credit card fraud occurs when someone uses your credit card information without your permission to make unauthorized purchases. According to the Federal Trade Commission (FTC), these are some common ways that criminals end up with credit card data.

Dumpster diving: Criminals search through your garbage bin in pursuit of bank statements, credit card statements, purchase receipts with personal information or unused credit card applications.

Theft: This is the old-school method of simply stealing your credit cards from your purse or wallet.

Skimming: When a person or hidden camera photographs your credit card and watches you enter your pin.

Phishing: Fraudulent emails or phone calls received from people claiming to represent your bank or credit card company. They ask you to confirm details like your account number, first and last name, Social Security number, account passwords and/or login information.

Hacked websites: Sometimes, expert hackers break into the private servers of large corporations and steal the credit card information from thousands of customers. Luckily, most companies have heavily encrypted systems to deter hackers.

How to protect yourself from fraud

One of the best ways to deal with credit card fraud is to prevent it from happening to you in the first place. Keep very close tabs on your cards and statements. Never lend your credit card - or credit card information - to anyone, including friends or family members.

It's important to know where your credit card statements are at all times. Keep them together at home in a safe place. If possible, opt for electronic statements instead of paper copies. After you no longer need old statements or credit cards, shred them before tossing them out.

Here are some other common sense ways to take care of your credit card and avoid problems.

Phishing prevention: Don't trust any emails or phone calls that ask for your personal information. Call your bank or credit card company directly to verify any inquiries. When it comes to navigating financial websites, keep those you use on your favorites tab to avoid bogus webpages popping up.

Check your account regularly: If someone does get ahold of your card information, your credit card statement usually shows it right away. Purchases made from websites or cities you don't visit should throw up an instant red flag.

Be careful where you shop: Avoid making purchases on a public computer or on public wireless networks. Before buying anything, make sure you trust the site. If you have doubts, investigate first. After making a purchase, always log off of the website.

Invest in identity theft protection: The Wall Street Journal recommends identity theft protection if you do a lot of online shopping and don't have time to keep an eye on your transactions 24/7.

Identity theft prevention services let you know when large or abnormal charges appear. They automatically submit fraud alerts and put a freeze on your account in the event of suspicious activity. Some credit card companies and banks offer daily account reports and alerts as part of their customer perks. It's a good idea to check what avenues are already available to you.

What to do if you're a victim of credit card fraud

When someone steals your credit card information, the key is urgency. That's because legally once you inform the card company of credit card theft, your liability is limited to $50 and you're not responsible for later charges, according to the FTC. Here are some steps that experts recommend taking right away.

Call your card issuer and inform it of the situation.

Contact all three credit bureaus so they flag your account.

Submit a police report.

File a report with the FTC.

Remove any credit card information stored on any online stores.

Consider hiring a reputable credit monitoring service to inform you of any anomalies.

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Credit Card Fraud - Protect Yourself From Thieves

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Media reports of credit card fraud are enough to get anyone's attention. And it's good to be cautious. In fact, Statistic Brain reports that approximately 10 percent of Americans have been victims of some form of credit card fraud. Of course, that doesn't mean you should stop using credit cards.

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In this website we can find all the information related to the credit card or debit card frauds. It tells us in detail that how credit and debit card fraud can happen. Second good thing about this website is that we can know about the laws related to credit / debit card frauds. On this website we can also find some legal information about these laws.  It tells that how we can stop this in a proper and legal way.

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Credit card (or debit card) fraud is a form of identity theft that involves an unauthorized taking of another's credit card information for the purpose of charging purchases to the account or removing funds from it.
Elements of Credit Card Fraud
Debit/credit card fraud is thus committed when a person

1) fraudulently obtains, takes, signs, uses, sells, buys, or forges someone else's credit or debit card or card information;

2) uses his or her own card with the knowledge that it is revoked or expired or that the account lacks enough money to pay for the items charged; and

3) sells goods or services to someone else with knowledge that the credit or debit card being used was illegally obtained or is being used without authorization.
Types of Credit Card Fraud
Credit fraud is a broad term for the use of a credit card (or any comparable type of credit) to buy goods or services with the intention of evading payment. Credit fraud includes:

Identity theft: the unauthorized use of personal identification information to commit credit fraud or other crimes
Identity assumption:
long-term victimization of identification information

Fraud spree: unauthorized charges on existing accounts

Credit card fraud schemes generally fall into one of two categories of fraud: application fraud and account takeover.

Application fraud refers to the unauthorized opening of credit card accounts in another person's name. This may occur if an offender can obtain enough personal information about the victim to completely fill out the credit card application, or is able to create convincing counterfeit documents.

Account takeovers typically involve the criminal hijacking of an existing credit card account. Here an offender obtains enough personal information about a victim to change the account's billing address. The perpetrator then subsequently reports the card lost or stolen in order to obtain a new card and make fraudulent purchases with it.

There are many ways that credit thieves gather your personal information:

- Using lost or stolen credit cards

- Stealing from your mailbox

- Looking over your shoulder during transactions

- Going through your trash

- Sending unsolicited email

- Making false telephone solicitations

- Looking at personnel records
Have You Been Charged With Debit or Credit Card Fraud? Talk to an Attorney Right Away
If you're facing allegations of debit or credit card fraud, the government is probably working diligently to gather evidence against you. That's why it's important to have a legal defense team in place early to address and challenge any evidence in your case before trial. Get started today and contact an experienced, local criminal defense attorney.

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Credit card (or debit card) fraud is a form of identity theft that involves an unauthorized taking of another's credit card information for the purpose of charging purchases to the account or removing funds from it.

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Video #1 News related to credit debit fraud

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Video #1 News related to credit debit fraud

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Now a days robbers are stealing money from our cards via cell phones. They use the magnetic chips which already placed back of our cards. they simply use apps with hack all the information of our debit and credit cards. If our card goes six inches near to that mobile or device so they are able to get all our information. This hacking is known as digital pick pocking.

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Newest way for thieves to steal your credit card information

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In this video we can see the data that how frauds occurs. Like they steal the credit from the mails, they call and scare people and try to get the information of their debit/credit cards. Sometimes they use a little device with the debit machines and steal the information.

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Informative Speech- Credit/Debit Card Fraud

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Always set up alerts and emails of all your transections, Do not through your credit card documents always shred them. Do not give your credit card information to anybody like they can use your information and withdraw some money from them. Do not respond to any emails or phone calls which asked you about your bank details or any other type of details. Check your bank statements  each month.

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When we do online shopping, some sites are secured but some sites are not secured. the sites which are not secured from that sites hackers hack the card detail and steal some money.

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In ATM frauds robbers put a duplicate card reading device on the existing one. When someone use the machine then pin home camera record the card details as well as the card pin. Then they remove the device and download all the card details in this way ATM frauds happens.

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Image #3 Percentage of people get effected

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Image #3 Percentage of people get effected

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This chart shows that these frauds are increasing day by day like in 2010 the percentage of ATM frauds was 15% and in 2011 it was increased to 16%.
Same In grocery stores it was 8.5% in 2010 and 10% in 2011 and in automated fuel dispensers it was 3.25% in 2010 and 4% in 2011