The cost of card fraud
Fraud on credit and debit cards has a high cost to society as the proceeds are often used to fund serious organised crime such as drug trafficking and terrorism.
The financial cost to cardholders of card fraud is largely borne by the banking industry, but the personal cost in time, inconvenience and frustration while an incident is investigated - being without cards, waiting for fraudulent expenditure to be reversed or offset, the sense of violation - is immeasurable.
