Capitol - Your Illinois News Radar » Illinois is 6th worst state for credit card fraud
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
Illinois is 6th worst state for credit card fraud

Thursday, Oct 11, 2018

* My bank shut down my debit card last month because somebody tried to withdraw money from my account in Portland, Oregon. I’ve always wanted to go to Portland, but never have. Some of my money did, though. They successfully withdrew $88 from an ATM machine and then the bank locked down my card. The bank told me the fraudsters somehow had my pin number, which I never share and don’t even have written down.

Credit Sesame

Credit card fraud is at an all-time high. That’s according to the Federal Trade Commission’s latest Consumer Sentinel Data Book, which tracks and summarizes consumer complaints about fraud, identity theft, and other consumer concerns. In 2017, there were 133,015 reports of credit card fraud across the United States—nearly a 7 percent increase over the year prior. This trend corresponds with a simultaneous sharp rise in data breaches where personal information was compromised. According to the Identity Theft Resource Center, 2017 represented an all-time high of 1,579 data breaches—a nearly 48 percent increase over 2016’s 1,091.

The Federal Bureau of Investigation defines credit card fraud as the “unauthorized use of a credit or debit card, or similar payment tool (ACH, EFT, recurring charge, etc.), to fraudulently obtain money or property.” Interestingly, the Federal Trade Commission categorizes credit card fraud as a type of identity theft, since it can only be accomplished by stealing credit card numbers, usually by means of an identity theft scheme.

* More

The risk to individuals isn’t spread evenly across states. Instances of credit card fraud range from a low of 17 per 100,000 residents in Mississippi to a high of 81 per 100,000 residents in Washington D.C. The average across all states is just under 33 per 100,000 residents.

There is a slight positive correlation between median household income and instances of credit card fraud per 100,000 residents. This suggests that higher-income states are potentially more attractive to scammers, representing a better chance of “striking gold.”

Median household income is also positively correlated with the percentage of identity theft cases that are credit card fraud. In other words, credit card fraud appears to be occurring more frequently relative to other types of identity theft in higher-income states. This again might be due to the high payout attached to a successful scheme on a wealthy resident. This trend could also be explained by lower credit card approval rates in states with higher levels of poverty.

Higher levels of poverty also correspond to lower rates of credit card fraud. This may be attributable to lower credit card approval rates, ownership, and credit limits in less wealthy states.

* As the headline says, Illinois ranked 6th

Credit card fraud complaints: 48 per 100,000 residents
Total identity theft complaints: 130 per 100,000 residents
Credit card fraud percent of total ID theft complaints: 39%
Household median income: $60,960
Percent below poverty level: 13%


- Posted by Rich Miller        

  1. - Name/Nickname/Anon - Thursday, Oct 11, 18 @ 3:14 pm:

    You got skimmed, Rich.

  2. - Dan Johnson - Thursday, Oct 11, 18 @ 3:22 pm:

    We should create a private right of action to recover damages from credit card theft so our trial lawyers can go after the thieves.

  3. - a drop in - Thursday, Oct 11, 18 @ 3:27 pm:

    So the folks that want to reduce our pay are just trying to lower the crime rate. Who knew?

  4. - Annonin' - Thursday, Oct 11, 18 @ 3:28 pm:

    So if we make the same amount and move MS will we get scammed more less

  5. - Blue Dog Dem - Thursday, Oct 11, 18 @ 3:45 pm:

    Rich. Sorry but I didn’t know where to go with this. My friend SIUC chancellor Carlo Montemagno passed away. We didn’t always see eye to eye, but he always listened. His time here was short. He faced an uphill battle to restore SIUC to its former self. I think, given enough time, he would have helped. RIP C.

  6. - Cubs in '16 - Thursday, Oct 11, 18 @ 3:50 pm:

    ===the fraudsters somehow had my pin number, which I never share and don’t even have written down.===

    Doesn’t matter. There’s technology out there that can read PIN numbers when they’re entered at any location. Sorry you got hacked but glad the damage wasn’t worse.

  7. - Leslie K - Thursday, Oct 11, 18 @ 4:12 pm:

    It probably was a skimming device. Skimmers get a lot of people every day, affixed to things like ATMs and pay-at-the-pump gas pumps. The devices are easy to miss, but they are also usually not securely attached. I’ve gotten in the habit of always tugging at the plastic thing where you insert the credit or debit card before I use a machine.

    Also, I definitely recommend a trip to Portland. I’m there about 6 times a year for work, and it’s beautiful.

  8. - Streamwood Retiree - Thursday, Oct 11, 18 @ 4:33 pm:

    Good tip, Leslie!

  9. - Christopher - Thursday, Oct 11, 18 @ 4:54 pm:

    This isn’t credit card fraud, but four times over the last five months I’ve received a notice from Facebook that someone has tried to log-in to my Facebook account from Sunnyvale, CA. Each time, Facebook has locked my account and required me to change my password each time. Oddly, it happens around the 7th or so of each month, and it seems like whoever or whatever is doing this must be the same person or thing, so why can’t Facebook block this for me?

  10. - Last Bull Moose - Thursday, Oct 11, 18 @ 5:05 pm:

    Credit card and identify theft are planned crimes with some abilities. They need to be pursued vigilantly and punished severely.

    At DCFS we had a problem with wards ID being stolen and finding huge debts when they turned 18.

  11. - Anonymous - Thursday, Oct 11, 18 @ 5:47 pm:

    They’re different issues, but credit card fraud and identity theft are both major headaches. If it takes a private right of action to go after them, so be it.

  12. - btowntruth from forgottonia - Thursday, Oct 11, 18 @ 6:58 pm:

    Dealing with some today.
    My card got charged 35 bucks out in California.Never been out there.

  13. - Used in Portland - Thursday, Oct 11, 18 @ 7:08 pm:

    My bank account was hacked in June and I had charges in Portland also. I was lucky I caught it right away, and they got less than fifty dollars. My debit card had never been out of my possession, nor did I use any ATM or pay at the pump, so I’ve no idea how it got stolen.

  14. - In_The_Middle - Thursday, Oct 11, 18 @ 9:03 pm:

    As a retired LEO, my advice to everybody is to never use your debit card anywhere except your own banks ATM. Use a credit card for the things you would use your debit card for and pay it off each month.

  15. - DuPage - Thursday, Oct 11, 18 @ 9:44 pm:

    My credit card was hijacked years ago. The bank called me and asked if I was somewhere in Wisconsin, as a bunch of suspicious charges were being charged. I had not been up there in years. Then, as they were talking to me, someone was charging a $1500 garden tractor at a Sears in Wisconsin on MY card. They were able to stop the sale, but the suspect got away. I asked how they could have got my card number. They said someone hacked the bank and downloaded thousands of accounts, not just mine.

Sorry, comments for this post are now closed.

* Question of the day
* Tribune breaks four-year silence
* Crosstown open thread
* All's well that ends well
* Last Republican Chicago legislator resigns after 23 years
* Rainbow flag flies over Statehouse for first time
* IDNR director now a state party committeewoman
* Today's must-read
* Maisch: Tale of two sessions
* Solving this will require more than platitudes
* Yesterday's stories

Visit our advertisers...





Main Menu
Pundit rankings
Subscriber Content
Blagojevich Trial
Updated Posts

June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005


RSS Feed 2.0
Comments RSS 2.0

Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller