Safeguarding our credit and debit cards is something we all need to prioritize. In his latest Forbes Advisor article, John Wilson provides tips to keep your payment card details safe from fraud.
Originally published in Forbes Advisor
“Industry analysts at the Nilson Report expect losses from card fraud to reach $165 billion in the U.S. over the next decade. The Payment Card Industry (PCI) Security Standards Council, which oversees cardholder data security requirements, proposed stronger controls in 2022 to counteract the surge in fraud. However, an updated PCI data security standard won’t go into effect until March 31, 2024, giving scammers more time to capitalize on existing weaknesses.”
Read the full article here.