The credit and debit card fraud is a fundamental issue that needs a global approach in order to curb it. It is important to note that debit and credit fraud is a multibillion-dollar problem affecting millions of individuals and organizations as well; however putting the exact cost into perspective is not an easy task. It is difficult to quantify what the lump sum costs of fraud is because consumers and business pay some of them. Javelin Strategy and Research in its annual Identity fraud report disclosed that the cost of credit and debit card fraud rose to eleven billion Continue reading...