[smaryjerry]

Your personal experience is not statistically relevant data. It is a major problem here in the US, not just fraudulent transactions, but people signing up for credit cards in your name since the equifax data leak, people creating fake ids to be used to reset your accounts in person, constant phone calls attempting to scam people, and even letters in the mail withhuge print saying “last notice - important - pay now” with very small print saying “this is an offer not an invoice” or like that tricks the elderly and those not careful. All of these and more cause massive amounts of fraud in the US.

[Grimm665]

Well the post I was replying to specified credit card fraud as the rampant issue, the list your provided seems to just be general financial fraud. I agree that financial fraud in general in the US, and probably globally, is a huge problem.

Maybe I'm wrong and all of that can be blamed on credit card fraud, but I'm not so sure.

[smaryjerry]

Most of the examples I gave are done to steal your credit card information and make purchases and transactions under your credit and without your knowledge, not just sell you once for $10 that you have to dispute later once you talk to a friend or relative and find out it’s a scam. In those cases the credit card companies end up eating the cost, although when they find out this has happened to you specifically several times or in very large amount then, often through no fault of your own, you will get kicked off the credit card so they can save money.