According to the most recent results from the Nilson Report, the United States is responsible for more than 30% of the world’s credit card fraud, totaling around $8.45 billion. Most of these losses are reported to be due to counterfeit cards being used at point of sale or ATMs. The new chip cards are reportedly responsible for less than 2% of all fraud, so they seem to be a person’s best bet for preventing fraud.
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