Monday, April 05, 2004
What do Yugoslavia, Nigeria, Romania, Pakistan and Indonesia have in common? MSNBC reports they are the top five countries where international credit card fraud is occurring and 40% of the US industry losses are from these countries.
Analysis shows that Yugoslavia, the worst for fraud, has a 13% fraud rate. That means 13 of every hundred orders originating from there are bogus. The MSNBC article has more on what you can do to prevent these transactions from being processed in your bank.
Analysis shows that Yugoslavia, the worst for fraud, has a 13% fraud rate. That means 13 of every hundred orders originating from there are bogus. The MSNBC article has more on what you can do to prevent these transactions from being processed in your bank.
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