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.
Attack surface
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.
