Credit-debit card fraudsters target the affluent
If you make $75,000 or more a year and have a college degree, you are more likely to receive a credit and debit card fraud alert from your financial institution, according to a new survey report from CreditCards.com.
What’s more, despite the best efforts of financial institutions and new security measures, many types of card fraud are still on the rise because criminals have become more devious.
The Austin, Texas-based organization’s nationally representative sample of 1,000 U.S. adults surveyed found that 68% of those with annual household income of $75,000 or more have received a fraud alert compared with 40% of those making $30,000-$49,999 and 26% with income under $30,000.
The same is true for educational attainment: 65% of college graduates have gotten a fraud notification, compared with 49% who attended some college and 25% who have a high school education or less.
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