Fraud News

Credit card fraud alerts are up, but mainly for big earners and higher education

Author: Danielle Serino / Source: WKYC

CLEVELAND – Credit and debit card fraud alerts are up 15 percent from two years ago, according to a new report. But many are false.

Thirty-one percent of U.S. adults have received a fraud alert regarding a credit card, and 25 percent have received one concerning a debit card.

Thirty-seven percent who have been contacted about potentially fraudulent transactions say all of the transactions were legitimate purchases. Another 15 percent say “most” were legitimate.

Despite the popularity of text messages and emails, most companies will still call you by phone. Fifty-three percent of those surveyed say they received a phone call. Fifteen percent say they found out when their card was declined while trying to buy something. Just 14 percent received…

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