Globally, nearly 1 in 3 consumers victimized by card fraud

KNOXVILLE (WATE) – A new report by ACI Worldwide and Aite Group shows credit card fraud is on the rise.

The report polled 6,000 consumers from across 20 countries. More than 80 percent of countries, including the United States reported an increase in card fraud between 2014 and 2016.

Mexico has highest rate of fraud, followed by Brazil and the U.S., according to the report. The U.S. was the only country to remain on the top three list both years, due in part to being slow to roll out EMV chip cards and security challenges with skimming and data breaches.

Seventeen percent of the debit and credit card holders in the survey said they experienced fraud multiple times during the past five years. The study also found 54 percent of consumers globally exhibit at least one risky behavior, such as keeping a PIN with a card.

Country-specific fraud rates

  1. Mexico, 56 percent, up 23 percent from 2014-2016
  2. Brazil, 49 percent, up 19 percent from 2014-2016
  3. USA, 47 percent, up 6 percent from 2014-2016
  4. Australia, 40 percent, up 9 percent from 2014-2016
  5. India, 37 percent, down 4 percent from 2014-2016
  6. Singapore, 36 percent, up 8 percent from 2014-2016
  7. Canada, 35 percent, up 14 percent from 2014-2016
  8. South Africa, 33 percent, up 3 percent from 2014-2016
  9. France, 29 percent, up 3 percent from 2014-2016
  10. UK, 29 percent, up 1 percent from 2014-2016
  11. Italy, 17 percent,  up 17 percent from 2014-2016
  12. Dubai, 27 percent, down 17 percent from 2014-2016
  13. Spain, 26 percent
  14. Indonesia, 26 percent, up 4 percent from 2014-2016
  15. Thailand, 23 percent
  16. New Zealand, 20 percent, up 20 percent from 2014-2016
  17. Germany, 18 percent, up 2 percent from 2014-2016
  18. Sweden, 14 percent, up 2 percent from 2014-2016
  19. Netherlands, 14 percent, up one percent from 2014-2016
  20. Hungary, 9 percent

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