This Week In Credit Card News: Identity Fraud Hits All-Time High; Apple Pay’s Move Into E-Commerce

identity fraud

What took place this week in the credit card and payment industries


Last year marked a large shift in the world of data breaches. For the first time, Social Security Numbers were compromised more than credit cards. A staggering 16.7 million consumers were affected by identity fraud last year, an 8% increase over year-ago levels and the highest volume since Javelin Strategy & Research began their annual surveys in 2003. This fraud resulted in losses of $16.8 billion.

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