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Credit card fraud losses worldwide reached $ 16.31 billion last year, according to a study by The Nilson Report, with total card sales of $ 28.844 trillion.
The experts said that in 2014 the level of card fraud increased by 19%, while the total volume of card sales increased by only 15%. In addition, fraud losses in the United States increased to 12.75 cents for every $ 100 in annual volume.
The United States accounts for 48.2% of total fraud worldwide. At the same time, the US market collected only 21.4% of the total volume of global card sales. Experts believe that the lack of EMV infrastructure is the main reason for the large amount of fraud.
EMV technology provides strong protection against fraudulent card fraud, which accounted for 49% of total card fraud losses worldwide in 2014.
The research data provided covers various types of card fraud, including fraudulent card fraud, non-card fraud, in-app fraud, and lost and stolen cards.
The main problem of card fraud is the carelessness of payment card users. Carders often obtained personal information about cardholders by deceiving users.
The experts noted that it is becoming more and more difficult to deal with fraudsters. So in 2014, American issuers lost $ 3.89 billion due to counterfeit cards, which is 23.9% of the world's losses from card fraud.
As previously reported, more than 2 thousand cybercrimes were recorded in the first six months of this year.
The experts said that in 2014 the level of card fraud increased by 19%, while the total volume of card sales increased by only 15%. In addition, fraud losses in the United States increased to 12.75 cents for every $ 100 in annual volume.
The United States accounts for 48.2% of total fraud worldwide. At the same time, the US market collected only 21.4% of the total volume of global card sales. Experts believe that the lack of EMV infrastructure is the main reason for the large amount of fraud.
EMV technology provides strong protection against fraudulent card fraud, which accounted for 49% of total card fraud losses worldwide in 2014.
The research data provided covers various types of card fraud, including fraudulent card fraud, non-card fraud, in-app fraud, and lost and stolen cards.
The main problem of card fraud is the carelessness of payment card users. Carders often obtained personal information about cardholders by deceiving users.
The experts noted that it is becoming more and more difficult to deal with fraudsters. So in 2014, American issuers lost $ 3.89 billion due to counterfeit cards, which is 23.9% of the world's losses from card fraud.
As previously reported, more than 2 thousand cybercrimes were recorded in the first six months of this year.
