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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Knowing where skimmers are most prevalent is also a powerful piece of knowledge.

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ASIC Sues HSBC Australia Over Scam Failures Leading to A$23 Million in Losses

Fintech News

According to documents filed in the Federal Court, HSBC failed to implement adequate controls to prevent unauthorised transactions and did not fulfill its obligations under the ePayments Code to investigate scam reports promptly or reinstate access to blocked accounts in a reasonable timeframe.

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