Credit card fraud continues to increase worldwide
Lusby, MD -- (SBWIRE) -- 03/06/2013 -- Go-AAGP.org recently released a new info-graphic on the growing epidemic of financial fraud. In fact, financial fraud has increased at alarming rates in recent years. This is primarily due to advanced online technologies, which make is easier for thieves to conduct fraudulent activities across vast digital networks.
The infographic also showcases the rise in credit card fraud as well. Based on recent statistics and figures, over 4.8 million dollars has already been lost due to fraudulent use of Visa and MasterCard alone. Along with other cards, credit fraud costs card issuers and holders nearly $500 million dollars per year. While credit card fraud may seem like isolated acts, the fact is that everyone pays for these unscrupulous and malicious activities. This is via price hikes in goods and services for customers, along with related fees that are annually assessed.
This informative info-graphic features real time statistics on financial fraud. This includes eye catching charts and precise numbers. While credit fraud continues to impact countless companies and customers, Internet scams also play a pivotal role in milking millions of dollars from customers each year. This is through identity theft, e-mail spamming, advance fee frauds, and FBI-related scams. An additional 9.8% of miscellaneous frauds are imposed on innocent online users every year as well.
According to the infographic, credit and Internet fraud is highly prevalent in the U.S. In fact, the country accounts for 65.9% of all online and credit card fraud per year. The UK is not exempt from these fraudulent activities either. Over 10.4% of Internet scams in 2012 impacted UK residents. China also saw a rise in online fraud last year as well.
According to the Financial Fraud Research Center, over 30 million consumers are defrauded each year. This is courtesy of credit card fraud, along with Internet scams and telemarketing. False advertising and media scams also account for about 48% of the grand total. While security protocols are always in place, over 4.8 million adults continue to be scammed by online thieves marketing fraudulent weight loss products. Financial fraud can also impact your credit score, especially with identity and credit card theft.
About Go AAGP
Go AAGP is committed to helping victims of online or credit card fraud. They understand the emotional and financial stress customers face due to fraudulent activities. As a result, the company offers financial assistance and loans to eligible customers. Despite their credit histories, AAGP ensures timely financial aid for all those that qualify. To see their newly created infographic - look here http://go-aagp.org/infographic/fraud.html.
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