Are some states at higher risk for credit card fraud than others? Information from the Federal Trade Commission for 2014 shows the way identity theft complaints disseminate across the country.
At the top of the list for credit card fraud in particular is Florida, which had 28.1 complaints per 100,000 residents. Between December 2011 and September 2015, Florida accounted for more than 186 total identity theft complaints based on the same ratio.
One of the interesting trends this data uncovered, as Nerd Wallet reported, was the way credit card fraud occurred more often on the east and west coasts than in other regions. Other states that ranked high in this category include California, Washington D.C. and Nevada. The Miami/Fort Lauderdale/West Palm Beach area had the highest number of total identity theft complaints.
John Simpson of Consumer Watchdog told 24/7 Wall Street about the factors that may have contributed to Florida's high ranking on this list.
"The elderly are quite frequently victims of fraud," he said. "This may explain why "Florida — which has got a lot of old folks — leads the list in complaints." Simpson also said that those who are struggling with debt could be in a more vulnerable position when it comes to fraud risks.
Business owners can take the first important steps toward better security by installing credit card processing software that makes purchases easy and reassuring. While customers in any state should feel comfortable using their cards for transactions, businesses in "at-risk areas" may consider this especially important and a high priority problem.