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Why Credit Card Fraud Hasn’t Stopped In The U.S.

In 2019, payment card fraud losses reached nearly $28 billion worldwide. The United States alone is responsible for more than a third of the total global loss making America the most card fraud-prone country in the world. The economic cost of credit card fraud goes far beyond the cost of illegally purchased merchandise; businesses often spend millions to protect themselves from fraud, buying software and hiring security experts to monitor transactions. Experts say there aren’t enough regulations to help protect the U.S. economy, especially small businesses from card fraud. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN #CNBC Why Credit Card Fraud Hasn't Stopped In The U.S.
Tue Jan 26 2021 | 17:59:21 GMT+0000 (Coordinated Universal Time)
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