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Sentinel received 5.4 million reports in 2023; these include the fraud reports detailed above, as well as identity theft reports and complaints related to other consumer issues, such as problems with credit bureaus and banks and lenders.
The global credit card fraud losses amounted to $27.85 billion in 2018. In the U.S., credit card fraud losses hit a record high of $11.85 billion in 2012. Online credit card fraud increased by 18% from 2019 to 2020. Roughly 71% of fraudulent transactions in the U.S. involve credit cards.
52 million Americans had fraudulent charges on their credit or debit cards last year, with unauthorized purchases exceeding $5 billion. The median fraudulent charge also jumped 26% in the last two years, rising from $79 to $100.
Key Credit Card Fraud Statistics. Total value of credit card fraud: $246 million (2023) Annual global fraud losses (credit & debit card): $34.36 billion (2022) Total volume of credit card and debit card fraud losses: 6.81 cents per $100 (2020) & 6.78 cents per $100 (2019)
Newly released Federal Trade Commission data shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year.
In 2021, Americans ages 30 to 39 reported the most incidents of credit card fraud: 108,592. That represents one-third of credit card fraud reports among all age groups.
There were 284,000 reported cases of identity theft and 111,000 cases of credit card fraud in the second quarter of 2024 alone. Those have been the most common types of fraud since 2020, and...
Explore the key global credit card fraud statistics in 2024, including financial impact, regional breakdown, fraud types, and methods of prevention.
According to the Federal Trade Commission’s Consumer Sentinel Network 2020 Data Book 1, credit card fraud was only the fifth-largest source of fraud reports, well behind other types of fraud such as those related to , banks, automobiles and debt collection.
Security.org's 2023 Credit Card Fraud Report revealed that 65% of U.S. adults have experienced a fraudulent card charge at least once, which amounts to around 151 million individuals [3]. The percentage of people who've experienced credit card fraud more than once has also increased.