SmartMetric Says the Latest Research Figures on Card Fraud Show a Dramatic Increase Over Just a 12 Month Period With United States Credit Card Fraud Increasing to $12 Billion in 2014 From $8 Billion in 2013 While Account Takeover Fraud Is a $5 Billion Add
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 05/18/15 -- SmartMetric, Inc. (OTCQB: SMME) -- SmartMetric, the creator of a fully functional biometric fingerprint reader that sits inside a credit or debit card says that the massive increase in financial losses due to credit card and account takeover fraud show the need for better and stronger identity and payments card security.
A recently published report, titled, The True Cost Of Fraud, by LexisNexis reveals a huge increase in credit card fraud rates. For 2014, credit card fraud in the United States rose from $8 billion to $12 billion in just 12 months over the previous year, while the ever increasing threat of account takeover saw a 2014 cost of $5 billion.
SmartMetric is about to release its biometric fingerprint verified and activated payments card as a new and powerful tool in the ongoing war against payments fraud, the company President & CEO, Chaya Hendrick, said today.
Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.
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Datum: 18.05.2015 - 14:24 Uhr
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