How Consumers See Card Threats

Many card users lack recent security awareness, with a J.D. Power survey revealing that a third haven't taken protective measures in 90 days. 24% faced fraud, mainly Gen Z (41%) and financially strapped consumers (40%). Only 45% reported prompts from issuers for security actions. As fraud losses may total $403.88 billion globally over the next decade, institutions stress consumer responsibility in fraud prevention.

https://www.paymentsdive.com/news/consumers-want-more-card-fraud-protection-survey/806174/

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