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Credit card fraud involves unauthorized use of your credit account, whether through phishing, skimming or theft. If you suspect fraudulent activity, immediately contact your credit card issuer ...
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
Sixty percent of those in the U.S. use credit and debit cards to make payments, and that proportion continues to rise, according to the 2025 Credit Card Fraud Report and Statistics from Security ...
Still, it’s important to keep a close eye on your credit card statements and follow up on anything that looks odd or incorrect. In the case of fraud, you want to report the charge as soon as ...
According to Nilson Report, credit card fraud losses reached about $28.58 billion worldwide in 2020, with the U.S. alone responsible for more than a third of the total global loss. Tips: 7 ...
The purpose of making such a declaration is to help support a tax deduction for bad debts under Section 166 of the Internal Revenue Code. In that respect it is a form of write-off. Bad debts and even fraud are simply part of the cost of doing business. The charge-off, though, does not free the debtor of having to pay the debt.