Remove Compromise Remove Consumer Authentication Remove FBI
article thumbnail

U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

And card skimming is big business; the FBI estimates that “skimming costs financial institutions and consumers more than $1 billion each year.”. One of the most insidious aspects of skimming fraud is that a transaction at a compromised location usually goes through without a hitch. But here in the U.S.,