Payment cards make purchasing convenient not only for consumers and businesses, but for fraudsters, too. Global fraud losses from payment cards in 2018 reached $27.85 billion, according to the latest numbers from The Nilson Report, a card and mobile payments trade publication. As large as those losses are, they only amount to $10.83 for every $100 of spending by credit card users, which is actually lower than the previous year, $11.12 per $100.
