
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 | |