Fraud losses incurred by card issuers, merchants, acquirers of card payments from merchants and acquirers of card transactions from ATMs were $33.83 billion in 2023. The prior year, gross fraud losses were $33.45 billion worldwide. Card fraud losses are expressed in basis points (cents) per $100 in total volume. That figure was 6.58¢ per $100 in total volume worldwide in 2023, down from 6.81¢ per $100 in 2022. For cards issued in the US, fraud losses of $14.32 billion in 2023 were connected to total card volume of $13.007 trillion. Fraud losses were $13.61 billion in 2022. US fraud ...