Credit unions responding to NAFCU's August Flash survey reported that merchants were the leading source of the credit and debit card fraud attempts they were seeing.
According to the survey, 36% of card fraud attempts had their roots in a data breach at a retail merchant, followed by 34.7% caused by hackers, 31% caused by card processors and 21.4% caused by card owners.
The report also offered some statistics regarding the losses credit unions suffered after two of the biggest card breaches, the TJX breach in 2007 and the Heartland Payment Systems breach in 2009.
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