Tech Xplore
Tech Xplore is a technology-focused media website showcasing academic studies and analyses. It is part of the Science X Network which also publishes Phys.org.
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Autocurated
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This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Fraud is widespread in the United States and increasingly driven by technology. For example, 93% of credit card fraud now involves remote account access, not physical theft. In 2023, fraud losses surpassed $10 billion for the first time. The financial toll is staggering: credit card fraud costs $5 billion annually, affecting 60% of U.S. cardholders, while identity theft resulted in $16.4 billion in losses in...