Card issuers lose $10.9B to fraud: LexisNexis

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit unions and other card issuers are losing a whopping $10.9 billion a year to fraud and criminals appear to be attacking from all angles, a new LexisNexis Risk Solutions study said.The study of 100 risk and fraud decision-makers and influencers working at U.S. card issuers reported 71% of card fraud now comes from credit cards – three times the fraud from debit cards, which accounted for 25% of the total. Prepaid cards contributed only half a billion in fraud losses, the study said. continue reading »last_img read more