Report: Credit card fraud alerts often false alarms

A new report says credit card fraud alerts are often false alarms.

(NBC) — A new report says credit card fraud alerts are often false alarms. A creditcards.com survey found nearly 7 in 10 Americans who’ve received a fraudulent activity alert from their credit or debit card issuer have received at least one alert in error.

Some 53 percent said all or most of the blocked charges were legitimate purchases that were wrongly flagged by the issuer. A senior industry analyst for creditcards.com says high-profile data breaches at retailers such as Target, which affected millions of consumers, may be making credit and debit card issuers more cautious.

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