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53cur!ty 6109

Girma Nigusse

U.S. banks are losing ground in the battle to combat credit and debit card fraud, a new report shows, underscoring the growing threat thieves and hackers pose for the financial system

October 05, 2011

"Globally, security is improving in the payment industry, according to data released this week by The Nilson Report, a California trade publication. For every $100 worth of credit and debit card transactions last year, 4.46 cents were lost to fraud worldwide in 2010, down from 4.71 cents in 2009."

Read more: reuters

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