credit card fraud

“Since 2021, we have seen in the U.S. about a 29% increase in chargebacks,” said Amanda Mull at Bloomberg Businessweek. “Globally, it's even higher. It's 46%.”

Most SNAP benefit cards still have magnetic stripes, which are less secure than newer chip cards.

Thales, a French firm, is launching a credit card that interacts with a user’s smartphone to provide audio cues and transaction confirmations.

“I said, what can I do to stop this? And the customer service rep. goes, ‘Well, if we could stop all instances of fraud, we would but we can’t,'” says Jessica Roy, assistant editor of Utility Journalism at The Los Angeles Times.