I choose this topic based on last week speech.
It is important to know that Americans are more likely to say their households have been victimized by credit card information theft than to say they were victims of any of the other crime. Theft of credit card information is increasing throughout the years.
Credit card companies replacing magnetic-stripe credit cards as a way to protect information from hackers. The number of stores that are able to process chip transactions are increasing.
Credit Card Information Victims Vary by Income and Age. People in the age of 35 to 54 and their household incomes of $75,000 or more, are most likely to be victimized by credit card information theft.
Concerns about hacking putting pressure on businesses in the U.S. to process chip-reading technology. However, at this point all these changes happening in U.S. have neither allayed the fears of consumers that their credit card information will be stolen nor reduced the percentage of Americans saying their households have been victimized.
You might find below information useful:
Credit Card Theft Tops List of Crimes
Crimes more than 10% of respondents said occurred to someone in their household in last 12 months
|Credit card information used at a store stolen||27||22||27|
|Money, property stolen||15||15||17|
|Home, car, property vandalized||14||15||14|
|Credit Card Information Theft Higher Among Affluent, 35- to 54-Year-Olds
Percent saying someone in household had credit card information used at a store stolen by hackers in last 12 months