What do grocery stores and banks have in common? They’re both hotspots for credit-card fraudsters. The fraud analytics company compiled a list of the Top 10 places fraudsters like to spend money and a majority of the list includes various types of retail and wholesale stores.
One of the trends: ATMs and gas stations
EMV standard credit cards, otherwise known as cards with a chip, and merchants that require using them present fraudsters with more of a challenge in accessing funds or making purchases. But thanks to ATMs and gas stations these individuals have forged an easy way around this.
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This article is summarized by Canadian Fraud News Inc.