US $4.3 Billion in Credit/Debit Card Fraud?
Buried in the I Was a Cybercrook for the FBI article on Wired:
The full scope of the problem is hard to judge, but nonetheless staggering. U.S. banks lost $546 million to debit card fraud in 2004, according to banking research firm Dove Consulting, and credit card fraud losses were estimated to be about $3.8 billion globally in 2003 according to The Nilson Report. The Federal Trade Commission estimates that 10 million Americans are victims of credit card fraud each year. The financial impact of identity theft remains untold.
Wow. That is a pretty big number to absorb.
