[PeterPrinciple]

Americans lost more money to check fraud than to debit card or gift card scams.

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Check Fraud vs. Debit Card and Gift Card Scams in the U.S.
Recent Federal Reserve data shows that, for U.S. financial institutions, debit card fraud caused more losses than check fraud — not the other way around — and gift card scams are not a major category in these official figures.

What the Federal Reserve reports
A 2024 Federal Reserve Financial Services survey of over 360 banks and credit unions found that debit card fraud was the single largest source of fraud losses, accounting for 39% of total payment fraud losses in 2024, followed by check fraud at 30%
ABA Banking Journal
ABA Banking Journal
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net Says

[Bob434]

A Card Skimmer at a gas station got my info and drained my account of almost $1000- Thankfully they spent it all on small purchases from one website which was a tip off to the bank it was fraud- it was for stupid crap like stickers for online games or characters or some such nonsense- This was before i even knew about card skimmers at gas stations (now they even install them right in supermarkets in seconds without anyone knowing- )

Anyways- bank gave me back the $$ after investigating- but really they shoulda alerted me right away when 30 purchases in an hour happened at that site- now i have it so i shut off the card after making a purchase, and have the bank alert me to ANY purchase - been 2 years now- so far so good- I only pay cash at gas stations now too-