Understanding Card Fraud
How Does Card Fraud Happen Card Fraud is the unauthorized use of a credit or debit card to fraudulently obtain money or goods. Credit or debit card numbers can be stolen from many places, such as unsecured websites, identity theft, merchant breaches/compromises or ATM and gas pump skimmers. The number of credit and debit cards exposed by hacking and/or compromise efforts at ATMs and merchants has jumped 70% in 2018 according to Fair Isaac Corporation (FICO). When a credit or debit card experiences fraud, the credit union will take the... Read More