e-commerce

E-Commerce Fraud Increased 33% in 2016

Switching to smart-chipped credit cards has made Americans less susceptible to point of sale identity theft. But fraudsters have moved away from physical credit card skimming to stealing your data online. According to a new study from Experian, e-commerce fraud rates increased 33% in 2016. Experian analyzed “attempted fraudulent e-commerce transactions” in relation to the