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.
Value of fraud loss in the United States from 1st quarter 2020 to 3rd quarter 2024, by payment method
(in million U.S. dollars)
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Federal Trade Commission. (November 8, 2024). Value of fraud loss in the United States from 1st quarter 2020 to 3rd quarter 2024, by payment method (in million U.S. dollars) [Graph]. In Statista. Retrieved November 15, 2024, from https://www.statista.com/statistics/958997/fraud-loss-usa-by-payment-method/
Federal Trade Commission. "Value of fraud loss in the United States from 1st quarter 2020 to 3rd quarter 2024, by payment method (in million U.S. dollars)." Chart. November 8, 2024. Statista. Accessed November 15, 2024. https://www.statista.com/statistics/958997/fraud-loss-usa-by-payment-method/
Federal Trade Commission. (2024). Value of fraud loss in the United States from 1st quarter 2020 to 3rd quarter 2024, by payment method (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 15, 2024. https://www.statista.com/statistics/958997/fraud-loss-usa-by-payment-method/
Federal Trade Commission. "Value of Fraud Loss in The United States from 1st Quarter 2020 to 3rd Quarter 2024, by Payment Method (in Million U.S. Dollars)." Statista, Statista Inc., 8 Nov 2024, https://www.statista.com/statistics/958997/fraud-loss-usa-by-payment-method/
Federal Trade Commission, Value of fraud loss in the United States from 1st quarter 2020 to 3rd quarter 2024, by payment method (in million U.S. dollars) Statista, https://www.statista.com/statistics/958997/fraud-loss-usa-by-payment-method/ (last visited November 15, 2024)
Value of fraud loss in the United States from 1st quarter 2020 to 3rd quarter 2024, by payment method (in million U.S. dollars) [Graph], Federal Trade Commission, November 8, 2024. [Online]. Available: https://www.statista.com/statistics/958997/fraud-loss-usa-by-payment-method/
