Another problem with data breaches is that the information is not always card information.
Sometimes it is information that criminals use to open new fraudulent lines of credit using someone else information.
However, card fraud is pretty bad in this country.
Quote:
Business Wire:
The U.S. currently accounts for 47% of global credit and debit card fraud even though it generates only 27% of the total volume of purchases and cash, according to Global Card Fraud, from a recent issue of The Nilson Report, a respected trade newsletter on the payments industry.
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U.S. Leads the World in Credit Card Fraud, states The Nilson Report