Many are left without the money in their bank accounts due to fraud involving credit cards, especially those living in these 11 worst countries for credit card fraud.
Of course, this is a wide-ranging term that includes theft and fraud committed using or involving a payment card. This involves both credit and debit cards, which are used for various purposes, including purchasing goods without paying or withdrawing funds without proper authorization. There are countless ways this happens, but the worst cases are those that relate to identity theft, which, unfortunately, happens entirely too often.
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It is expected that between 2015 and 2020 credit card fraud will reach $183.29 billion at a worldwide level, according to the Nilson Report. In 2014, the number stood at $16.31 billion, while for 2020 predictions indicate global credit card fraud will hike up to over $35 billion.
Problems regarding this issue occur in all countries of the world where credit and debit cards are used, but they seem to occur more frequently in a few certain nations. It could be interesting to see whether these nations also appear on the list of the 11 worst countries for binge drinking in the world. For our list, we took a look at a survey conducted by Aite Group and ACI Worldwide, who questioned over 6,000 people in 20 countries back in 2014.
The high level of card fraud has made many question the security of this method, with 10 percent admitting to experiencing fraud multiple times in the past five years. At the same time, 63 percent of people have admitted to being more likely to use their replacement card less due to the distrust they have in the card system.
The results indicate that people aren’t all too happy in these 11 worst countries for credit card fraud.
11. France
In France, 26 percent of individuals questioned reported experiencing card fraud in the past 5 years.
10. Singapore
The high occurrence rate of card fraud in Singapore is quite high, 28 percent of people saying they’ve been a victim of it in the past five years.
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9. United Kingdom
As you may have heard multiple times over the past few years, the UK is the target of credit card fraud. In fact, 28 percent of individuals admit to having been the victim of card fraud multiple times in the past several years.
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8. Brazil
With the Olympic Games taking place soon, you might want to keep in mind that some 30 percent of respondents to this study have reported experiencing card fraud in the past five years. With that in mind, be careful where you use your card if you’re planning to attend.
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7. South Africa
A similar number of people have indicated they’ve encountered card fraud issues in South Africa, namely 30 percent of the respondents to this study.
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6. Australia
Over on the other side of the planet, in the nation where every creature seems to want to kill you, there are plenty of scam artists looking to rob you. In fact, 31 percent of individuals have admitted to being the victim of credit card fraud in the past half a decade.
5. Mexico
Mexico is an interesting country for many reasons and there are plenty of types of crimes to be weary about, including having your money vanish due to card fraud. 33 percent of respondents have claimed they were the victim of card fraud as least once in the past 5 years. 
4. The United States
Eh, you didn’t think we’d finish this list without listing the United States, did you? After all, this is one of the states where credit cards are most used, which means it’s also the nation where there are going to be one too many fraud cases to talk about. According to a Barclays study, the U.S. is responsible for 47 percent of the world’s card fraud, although it only accounts for 24 percent of total worldwide card volume.
The study published by Aite Group and ACI Worldwide indicates 41 percent of those questioned admitted to being the victim of card fraud in the past five years.
3. India
A similar number applies to one of the world’s most populated countries – India. Here, 41 percent of individuals reported having experienced card fraud in the last five years.
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2. China
It doesn’t really come as a surprise, but China is the second worst country for credit card fraud. In fact, 42 percent of the residents questioned in this study have admitted to being a victim of card fraud in the past half decade.
1. The United Arab Emirates
The United Arab Emirates isn’t a huge nation by size, but it holds the seventh largest oil reserves in the world. When it comes to credit cards, citizens of one of the wealthiest nation in the world, 44 percent admitted to being the victim of card fraud in the past five years, which puts the U.A.E. at the top of he list of the 11 worst countries for credit card fraud.
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