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Card Fraud Mon, Jul 11, 2005 AddThis Social Bookmark Button

By Ashish Rajan, CardTrak.com
Credit Card News - Card Fraud

While physically lost or stolen credit cards account for about 28% of card fraud, a new report has found that hacking, phishing and the use of spyware now make up 11% of fraud on existing credit cards. Low-tech dumpster diving, intercepted mail and fraudulent change of address comprise less than 10% of credit card fraud. According to Javelin Strategy & Research, stealing credit card information from a transaction accounts for 11.9% of card fraud, while corrupt employees make up 10.6%.

CREDIT CARD FRAUD
Lost/Stolen:28.0%
Transaction:11.9%
Employees:10.6%
Mail Related:7.1%
Spyware:6.4%
Garbage:2.4%
Hackers:2.3%
Emails:2.3%
Source: Javelin Strategy & Research