Interac Debit Skimming Losses Continue to Decline
Interac Debit losses, due to skimming, have continued a six year drop setting a new record low of $11.8 million in total losses to financial institutions in 2015. Fraud exploitation occurring in Canada accounted for only $2 million, or 17 percent of total losses – a drop of 40 percent from the $3.4 million of…