Everything You Need to Know About Card-Not-Present Fraud
Credit and debit cards are vital for online purchases in today’s digital environments, but that doesn’t mean they’re safe from misuse. In 2024, an estimated $10.6 billion was lost due to card-not-present fraud, which accounts for some of the most prevalent scams globally. Card-not-present fraud, or ‘CNP’ fraud, negatively impacts consumers and businesses, causing financial losses and reputational damages.