Hello,
Thanks for using Google Answers. I really enjoyed answering this
question. Last year, I had to face this fraud on my VISA card, but I
was fortunate enough to recover everything back.
There are many sites available with statistics, but I didn't find any
single source having details about credit card losses for US or Europe
or any other country together. Therefore, I'm putting these sources
individually.
For Canada, here are the statistics from 1999 to 2001.
http://www.rcmp-grc.gc.ca/scams/ccandpc.htm
There is a nice pdf document, which gives various statistics related
to CC frauds, online as well as traditional way. The document is about
setting the record straight about online credit card fraud for
consumers.
www.noie.gov.au/publications/NOIE/consumer/creditcardfraud.pdf
2000 Internet Fraud Statistics
http://www.fraud.org/internet/lt00totstats.htm
This site has statistics for the year 2001
http://www.fraud.org/internet/2001stats.htm
Recent fraud statistics
http://www.cybersource.com/fraud_resource_center/stats.xml
While online credit card use accounts for only about 2% of Visa
International's total credit card transactions, more than 50% of its
discovered frauds/disputes relate to online use.
http://www.finfacts.com/intcard.htm
"US figures show online retailers suffered more than $460 million
worth of credit card fraud in 1999. In the UK, online fraud topped $22
million in the past year, a jump of more than 60 per cent on the
previous year, according to Interactive Advertising Board figures."
http://www.theinvestigator.com.au/articles_archives_ccfraud.html
There has been a year over year decrease in the total dollar losses
associated with credit card fraud, from over $156 million at the end
of 2000 to approximately $142 million at the end of 2001
http://www.cba.ca/eng/Statistics/FastFacts/credit_card_fraud.htm
Types of Credit Card Fraud
The criminal use of credit cards can be divided into the following
categories:
- Counterfeit credit card use;
- Cards lost by or stolen from the cardholder;
- Fraud committed without the actual use of a card (no-card fraud);
- Fraud committed on cards not received by the legitimate cardholder
(non-
receipt fraud);
- Cards fraudulently obtained by criminals who have made false
applications.
This is an excel sheet having credit card statistics from Canadian
Bankers Association.
http://www.cba.ca/eng/Statistics/stats/db38_eng.xls
Credit card fraud statistics for UK
http://www.chjones.co.uk/smartfraud_p1.htm
2001 Internet Fraud Statistics
http://www.internetfraudservices.com/2001statistics.htm
A credit card fraud only at 0.4%, but govt is still concerned. A
report about the credit card frauds in Malaysia
http://biz.thestar.com.my/news/story.asp?file=/2002/5/3/business/yvshafie&sec=business
Plastic money frauds have already reached an epidemic stage in
countries such as the US which sees around one billion dollar frauds
per annum and, UK which had frauds of about 73 million dollars in
1998.
http://news.sawaal.com/11-Apr-2001/Business/45.htm
FRAUDS TOPS $1 BILLION - From the June 1998 Issue of CardTrak
http://www.cardweb.com/cardtrak/pastissues/june98.html
Credit card fraud rises by 50%
http://news.bbc.co.uk/hi/english/business/newsid_1179000/1179590.stm
A report from FBI and Financial Times regarding Credit card fraud
http://www.analysphere.com/12Mar01/fraud.htm
Search terms used:
Credit card fraud losses
Credit card fraud Europe
I hope this satisfies your question. Please ask for clarification if
you are not satisfied and if you think that this answered your
question, do rate it.
Regards
netcrazy |
