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Consumer Fraud Forum Blog

Video: One Credit Card Security Tip That Is Just A Myth

POSTED: William PinilisDecember 6, 2016 at 11:30 AM / Credit Card Fraud, Consumer Tips

With various types of fraud on the rise, experts are constantly recommending various strategies to prevent consumers from becoming victims.  But if writing "See ID" on the back of your credit card is some of the advice you've taken, you should know that it isn't much of a safeguard – the tactic is both...

Prevent Credit Card Fraud By Looking Out For ATM Skimmers

POSTED: William PinilisAugust 17, 2016 at 12:30 PM / Consumer Protection, Credit Card Fraud, Credit Cards

Yesterday, we told you about a major increase in scams involving the use of ATM skimmers. Criminals install the devices into ATMs, gas pumps and other point-of-sale devices to steal credit and debit card information from unsuspecting customers.

Video: Watch Out for ATM Skimmer Scams

POSTED: William PinilisAugust 16, 2016 at 12:03 PM / Credit Card Fraud, Credit Cards, Consumer Tips

Fraudsters have made off with an estimated 3 billion dollars worldwide with the help of credit card skimmers – devices fitted over ATMs, gas pumps and other card readers that steal important information from credit and debit cards. 

The Real Costs of Credit Card Fraud

POSTED: William PinilisJune 3, 2016 at 12:00 PM / Credit Card Fraud

Credit card fraud is all too common. Most of us have been notified at one time or another of a security breach that may have comprised our account information or about suspicious account activity.   According to a report by Javelin Strategy & Research, about 31.8 million Americans were victims of a credit...

Retailers Are Slow To Adopt Chip-Enabled Payment Terminals

POSTED: William PinilisApril 29, 2016 at 11:30 AM / Consumer Protection, Credit Card Fraud

According to a recent survey by CardHub, the majority of retailers in the U.S. are still unable to accept chip-based credit cards. This includes more than half of retailers who have been victims of past data breaches.

Credit Card Fraud and The Underground Russian Economy

POSTED: William PinilisApril 28, 2016 at 11:30 AM / Fraud, Credit Card Fraud

We all know that credit card fraud is big business. And now Hewlett-Packard Enterprise (HPE) researchers have uncovered a complex web of shipment scams that use US operators and stolen credit card information to fraudulently provide goods to customers in Russia.

11 Worst Countries for Credit Card Fraud

POSTED: William PinilisMarch 30, 2016 at 12:00 PM / Credit Card Fraud

With news of compromised credit cards and data breaches often in the headlines, many people are concerned about fraud – and with good reason. Payment industry newsletter the Nilson Report recently reported that fraud losses incurred by banks and merchants on all credit, debit, and prepaid cards was more...

How Secure is Apple Pay?

POSTED: William PinilisMarch 10, 2016 at 12:35 PM / Fraud, Credit Card Fraud

Consumers are dissatisfied with the new chip credit cards because they are frustratingly slow at checkout. As a result more and more people are turning to smartphone-based payment systems. Apple Pay is becoming increasingly popular because it is so convenient and quick, but it does have a big vulnerability...

Chip Credit Cards Are Still Vulnerable

POSTED: William PinilisMarch 9, 2016 at 11:44 AM / Consumer News, Credit Card Fraud

Chip-enabled credit cards are becoming the standard for consumers and business owners. The chip is supposed to keep thieves from easily accessing consumers' personal information. Unfortunately the chip on your credit card is still vulnerable to fraud, so the FBI is encouraging consumers to be careful when...

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