U.S. Card Issuers Lose $10.9B Annually to Fraud: LexisNexis

From PaymentsSource

U.S. card issuers lose $10.9 billion each year to card fraud, according to research released Tuesday by LexisNexis Risk Solutions.

Credit cards account for $7.6 billion (71%) of overall losses to card fraud; debit accounts, $2.7 billion (25%) and prepaid cards, $500 million. LexisNexis collaborated with Javelin Strategy and Research on the online survey of 100 risk and fraud decision-makers and influencers working at U.S. card issuers.

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