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The Top States For Credit Card Fraud

Sunday, March 24, 2013 - 8:38 PM
From Credit.com:
Identity theft has become a major problem in the U.S. that many financial institutions and government agencies are striving to prevent, and it seems that one type in particular has grown rather popular in the northeastern part of the country.

Payment card fraud — including identity theft on debit and credit accounts — is on the rise in 20 states nationwide, a large number of which are in the Northeast, located along the eastern seaboard, and in the Southwest, according to new data from the credit scoring firm FICO. For instance, Massachusetts, Maine, New York, Vermont, and Pennsylvania all saw increases in instances of this type of crime last year. Other jumps were observed in Virginia and North Carolina, as well as Texas, Arizona and Nevada.

Florida and California also had some of the greatest instances of debit card fraud, largely through skimming incidents at merchant point-of-sale card readers, bank ATMs, and privately owned ATMs, the report said. Michigan also saw a relatively large number of these problems.

... According to a new report from the credit scoring firm FICO, criminals may be growing more savvy about how they approach [identity theft] and are targeting other types of devices that consumers may be more apt to trust than a card reader at a retailer of any kind.  

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pearlbrownpearlbrown1,473 posts since
Nov 2, 2010
Rep Points: 6,402
1. Tuesday, March 26, 2013 - 11:15 AM
From Credit.com:
Identity theft has become a major problem in the U.S. that many financial institutions and government agencies are striving to prevent, and it seems that one type in particular has grown rather popular in the northeastern part of the country.

Payment card fraud — including identity theft on debit and credit accounts — is on the rise in 20 states nationwide, a large number of which are in the Northeast, located along the eastern seaboard, and in the Southwest, according to new data from the credit scoring firm FICO. For instance, Massachusetts, Maine, New York, Vermont, and Pennsylvania all saw increases in instances of this type of crime last year. Other jumps were observed in Virginia and North Carolina, as well as Texas, Arizona and Nevada.

Florida and California also had some of the greatest instances of debit card fraud, largely through skimming incidents at merchant point-of-sale card readers, bank ATMs, and privately owned ATMs, the report said. Michigan also saw a relatively large number of these problems.

... According to a new report from the credit scoring firm FICO, criminals may be growing more savvy about how they approach [identity theft] and are targeting other types of devices that consumers may be more apt to trust than a card reader at a retailer of any kind.  

Read more

Identity  card theft is increasing day by day in US  and all over the world, Credit card fraud strikes millions of times every year and is one of the fastest growing white-collar crimes. The information and services in the Fraud Protection Center can help reduce your chances of fraud.that will be helpful.

 

 
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smithrick420smithrick4203 posts since
Mar 19, 2013
Rep Points: 4
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