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

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

Once a customer has used a compromised card reader, the fraudster can download or wirelessly transfer the card details and the video of the PIN being typed, giving them complete access to the account. One of the most insidious aspects of skimming fraud is that a transaction at a compromised location usually goes through without a hitch.

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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

Debbie Cobb Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service. Debbie holds a B.A.

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Stopping Scams with Artificial Intelligence and Machine Learning

FICO

Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service. Debbie has 25 years product management and product marketing experience in fraud management and financial services.

Scams 52
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Survey: Do Customers Think Banks Are Fair to Scam Victims?

FICO

Debbie Cobb Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service. Debbie holds a B.A.

Scams 52
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5 Scam Protections Customers Want from Their Bank

FICO

Debbie Cobb Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service. Debbie holds a B.A.

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Real-Time Payments Survey Reveals Growth in Usage - and Scams

FICO

Debbie Cobb Debbie Cobb is Senior Director of Product Management, serving as the global product leader for FICO’s transactional fraud solutions including FICO Falcon Fraud Manager, FICO Falcon Compromise Manager and Card Alert Service. Debbie holds a B.A.