US: Why credit and debit card fraud alerts have spiked

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May 12, 2017

Some 44% of U.S. adults have received a fraud alert in their lives for their credit or debit card, according to a new survey from credit-card website CreditCards.com. The site surveyed about 1,000 adults in the U.S. in April. That’s up from 38% who said in 2015 they had ever received a fraud alert.

The fact that alerts have increased could be seen as a good thing, said Matt Schulz, a senior industry analyst for CreditCards.com. Banks and credit card companies have increasingly caught unusual behavior, he said, and let customers know about it. “There’s simply so much money involved and so many bad guys out there,” Schulz said.