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Complete Story
01/29/2025
62 million Americans face fraudulent credit card charges
MSN
PHOENIX (AZFamily) — Credit card fraud is a big problem, and it’s getting worse.
According to a new report by Security.org, an estimated 62 million Americans got hit with fraudulent charges last year, up an extra 10 million people from the year prior.
Unauthorized purchases in 2024 added up to an estimated $6.2 billion, and the median fraudulent charge jumped to $100.
“A huge impact to the economy,” said Security.org’s Corie Colliton. “Many people do get that money back thanks to the protections that are offered by a lot of credit card companies or banks, but still that’s a lot of money going into the wrong hands.”
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