Fraud comes in many forms. A card data breach is one form that can have a large impact on consumers, banks and credit card companies. Card data breaches occur when credit or debit card information is stolen by cyber thieves who have accessed card payment information without authorization. The purpose of stealing credit and debit card information is to use the card numbers to make unauthorized purchases.
If you’re ever the victim or target of credit or debit card theft or fraud, catching it fast and reporting it to your bank or card issuer is key to resolving the situation.