There are many misconceptions on credit card scams such as, it only happens to old people, they will know when it happens right away and, it's not a big issue in todays society
The problem is that these are what they are, misconceptions. Here are some statistics about credit card scams that shows how big a problem this truly is:
Ages 18-59 are 34% more likely to suffer from credit card scams
As well young adults are 4 times more likely to be scammed than older adults
Identifying information is some of the cheapest to buy on the dark web
The United States has the most cases of credit card fraud in the world (38.6% of entire world 2018)
Credt card scams have increased since the Covid-19 Pandemic going up 35% in the dollar amount stolen
The most common occurance of credit card scams in when the card is not even present (81% of the time)