Credit Card Fraud
The Internet Fraud Complaint Center (IFCC), now known as IC3 – Internet Crimes Complaint Center – referred over 190,143 complaints to law enforcement in 2004 alone. According to a Cybersource Report, Internet fraud cost merchants an average of 1.8% of online revenues or $2.6 billion in 2004.
Each day, thousands of active credit and debit card numbers, as well as related personal data, are sold and traded on the Internet. This information is acquired through phishing attacks or stolen by hackers from huge data repositories. It is later used to commit fraudulent purchases or other forms of identity theft.
Learn About Cyveillance Solutions:
- Enterprise Solutions: Fraud Protection
- Enterprise Solutions: ID Theft Protection
- OEM Partner Solutions: ID Theft Protection