US Card Payment Fraud Losses Forecast 2022

Rising Card-Not-Present Fraud Hits Merchants, Issuers, and Consumers

Executive Summary

Growth in card fraud losses is slowing annually, but with totals set to reach $13.73 billion by 2024, stakeholders aren’t in the clear: Card-not-present (CNP) fraud will continue to skyrocket as fraudsters see an opportunity online and ramp up attacks to seize it. That means issuers and merchants need to rethink prevention strategies.

Key Question: What impact will rising CNP fraud have across the purchasing chain?

KEY STAT: CNP fraud will make up 74.0% of fraud by 2024—up from 57.0% pre-pandemic in 2019—creating new prevention challenges, especially for merchants, who are more liable than other parties for this type of fraud.

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    Table of Contents

    1. Executive Summary
    2. US Fraud Losses Ripple Across the Purchasing Chain
    3. What’s Driving Growth in Each Category of US Card Fraud Losses
    1. What Fraud Means for Different Providers
    2. A Look at the Long-Term Fraud Landscape
    3. Insider Intelligence Interviews
    1. Read Next
    2. Sources
    3. Media Gallery

    Interviewed for This Report

    PJ Rohall
    Head of Fraud Strategy and Education
    Interviewed October 19, 2022

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    Jaime Toplin


    Daniel Decea
    Researcher, Financial Services
    Iwona Drapala
    Senior Forecasting Analyst
    David Morris
    Principal Analyst

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