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Credit card fraud remains the most common type of identity theft in the U.S., accounting for over 40 percent of all identity theft reports. A total of 271,823 cases were reported in 2019, more than doubling from the numbers reported in 2017. You feel violated. Anger. There's anger. For me, there's anger. Some of the other people I talked to are afraid. I just get mad. I get mad. Somebody some clown stole from me. This is big business. These are organized crime rings that are behind the vast majority of this fraud and their operations are industrialized, they're automated. The Federal Reserve Bank of Atlanta estimates that over 75 percent of consumers in the U.S. have at least one credit card and that card fraud losses in the U.S. amounts to a little more than a dime for every one hundred dollars they spend. We really do have a big problem in the U.S. We are big targets. And part of it is because we let our guard down and we're not quite as secure with our payment information because we like convenience. Our estimate was that at the end of 2020, the U.S. was seeing about 11 billion dollars worth of loss due to credit card fraud. The vast majority of that is online. So why is credit card fraud so hard to stop in the U.S. and how detrimental is it to the U.S. economy? Credit card fraud occurs in one of two ways: card present or card not present. For years, card-present frauds were the most popular type of card frauds where perpetrators were presenting stolen or counterfeit cards in order to make a purchase. Most credit card fraud nowadays, however, are card-not-present, usually involving online or over-the-phone exchanges where physical card doesn't have to be presented. Card-not-present fraud is very easy to commit. So all you need to do is make a fake identity and steal a credit card number and you're in business. Then you can start committing card-not-present credit card fraud. If you're going to commit fraud in a card-present world, you need to get something that can duplicate a card, you have to buy the plastic, you have to learn how to copy that chip. It becomes very complicated. Whereas, card-not-present fraud, you know, even kids can do it. It's so easy. There are numerous ways that criminals can gain access to your credit card information. It can be as simple as looking over your shoulder while you're making a purchase or as complex as a massive hacking operation like the 2017 Equifax security breach that involved more than 200,000 credit card numbers. To make matters worse, criminals are getting smarter and more high tech every year. The Dark Web and cryptocurrency has essentially provided a platform for all the different pieces of the fraud ecosystem to interact and grease the wheels. Equally vulnerable re all of the small businesses. Your local pizza chain or your dentist. All of these people that...