ValuePenguin, a personal finance website designed to assist consumers about financial decisions, recently discussed the current trends involving credit card fraud. Kennyhertz Perry Regulatory & Compliance attorney Braden Perry was one of the experts who weighed in on the trends since the 2008 financial troubles, the current and future technology and the ways consumers can protect themselves. “Credit card fraud can range from low tech to very high tech. It will never go away, but consumers can mitigate their chances significantly by using common sense and basic financial safety,” Perry said. The increased spending will increase fraud. ” Now, as credit use heads to prerecession levels, fraud is on the rise. Plus, the increased online marketplaces also lead to additional opportunities for fraud”
The article shows fraud by state discusses the 41% increase in fraud since 2014. The full article can be viewed here.