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.
Read more at Bizzjournal.
This article is summarized by Canadian Fraud News Inc.
