Credit card fraud is a general term referring to many types of frauds that are both on credit and debit cards. Although the name, all types of cards are covered, and both physical and non-physical frauds are performed.
The attacks of such fraud are often done online, as the current day and age is all about quick and fast payments. This means that a lot of protective measures were compromised for ease of use. For example, anyone knowing your card information could make a payment from your name. If you’re setup everything in a protective measure, you would get a notification telling you that a payment is on it’s way or has been made, after which you can either cancel or ask for a refund. This type of attack is known as Card-Not-Present fraud.
The attacks occur mostly through phishing or data theft.