November 17, 2023 SEONews
Visa warns consumers about holiday fraud – Payments Dive
Dive Brief:
- In a consumer warning ahead of the year-end holiday shopping season, card giant Visa told consumers in a Thursday press release to beware of new schemes that seek to lure them into scams.
- The techniques online will include phishing emails without the telltale spelling errors that gave them away in the past and in the physical world they will include ATM and checkout card readers corrupted by deeper-inset skimming devices, Visa said in the release.
- Last year, such frauds increased 11% during the year-end holiday season, between November and January, compared to the non-holiday period and rose 8% over the period in 2021, according to Visa, the biggest U.S. card network company.
Dive Insight:
Payments fraud has surged in recent years, partly because of increased e-commerce activity online triggered by the COVID-19 pandemic.
The amount of money American consumers reported losing to fraud last year jumped 30% to $8.8 billion compared to 2021, the Federal Trade Commission…
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source: https://news.oneseocompany.com/2023/11/17/visa-warns-consumers-about-holiday-fraud-payments-dive_2023111752750.html
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