Quarterly value of fraud loss across different payment methods in U.S. 2020-2024
U.S. consumers reported about 58 million U.S. dollars worth of credit card fraud in the third quarter of 2024, the lowest value reported that year. This is according to a reporting of the organization that collects such consumer reports submitted to local law enforcement. While credit cards are relatively popular in the United States, the highest value type of fraud is reported with bank transfers or cryptocurrencies. The latter is relatively surprising, as the global size of crypto fraud is reported to be much lower than hacks involving cryptocurrency.
