After any sporting event, it is not unusual to see athletes hold their index fingers in the air proclaiming, "we are number one." Being "Number One" is a great thing, but not all of the time. The Nilson Report, a global card and payments trade publication, indicates that the United States surpasses every country globally as the most credit fraud-prone, with nearly $9.5 billion lost through illegal transactions. In the movie Talladega Nights, the character Ricky Bobby, a NASCAR driver, proclaimed, "if you're not first, you're last." Well, the United States might want to be in last place when it comes to credit card fraud.
What are some things you can do to protect yourself from credit card fraud?
Identity thieves are constantly updating their tactics. The tips above remain effective in reducing your likelihood of being a victim. But, it would be best if you remained vigilant to continue to be safe. Let's make America last again! Well, last in credit card fraud, that is.