PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Card Details for Sale: U.S. Consumers Face Increased Risks

By Shreyas Shaktikumar
December 2, 2021
in Analysts Coverage, Fraud & Security, Fraud Risk and Analytics
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Card Details for Sale: U.S. Consumers Face Increased Risks

Card Details for Sale: U.S. Consumers Face Increased Risks

Financial information, personal identifiers, payment methods, and all other aspects of your online presence are targets for theft by malicious entities, who often resell this information on the dark web. A common strategy is to steal credit (and other payment) card information, which poses serious risks to the financial health of individuals across the globe. With approximately 4.5 million card details available for purchase on the dark web, a variety of stakeholders including cardholders, financial institutions, and merchants must evaluate their risk levels and respond appropriately. NordVPN’s analysis of stolen card information reveals that cardholders from Hong Kong, Australia, and New Zealand face the highest likelihood of having their information sold. The U.S. performed better than the previous three nations, but continues to lag behind Canada, China, Germany, and India.

“Among US cardholders, Visa was easily the most popular card brand. This seems to match the worldwide average, with 2,524,142 Visa cards found on the dark web, compared with 1,602,248 Mastercard and 215,971 American Express cards. It’s also worth noting that standard card types were at least twice as likely to be found stolen as premium ones.”

NordVPN reported that the worldwide average price to purchase the details of a payment card on the dark web was less than $10, which partially explains the growing instances of criminal fraud in the U.S. market, particularly in the e-commerce space. In response to the growing risks faced by merchants due to fraud and associated chargebacks, Mercator Advisory Group has recently published Chargebacks: Increases in Credit Card Disputes Threaten Merchant Profitability, a research report that analyzes the key factors, market trends, and response options available for merchants.

Overview by Shreyas Shaktikumar, Research Analyst at Mercator Advisory Group

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: CardholderChargebacksDark WebFraud Risk and AnalyticsID Theftidentity theftRiskTheft

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    mortgage

    The Rich Benefits of In-House Payment Systems

    July 9, 2025
    digital cards

    Beyond Plastic: Why Digital Cards Are the Future

    July 8, 2025
    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    What Premium Card Overhauls by Chase and Amex Reveal About the Credit Card Market

    July 7, 2025
    Rewire Acquires Imagen, Looking at Prepaid Cards for Migrant Workers

    Smells Like Team Spirit: What Makes Cobranded Credit Cards Work

    July 3, 2025
    uk banking outages

    New Continuous Strategies for Battling Account Takeovers

    July 2, 2025
    Fraud Monitoring

    What to Expect When Nacha’s Fraud Monitoring Rules Take Effect

    July 1, 2025
    payments

    Don’t Just React to What’s Next in Payments—Anticipate It

    June 30, 2025
    consumer debit

    As Payment Types Proliferate, Debit Cards Still Go Strong

    June 26, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result