Individuals can suffer considerable financial losses due to credit card fraud 

If a fraudster gains access to an individual’s credit card information, they can use it to make unauthorized purchases 

In many cases, victims may not notice these unauthorized transactions until they receive their monthly credit card statement 

If a victim is unable to make payments on their fraudulent credit card charges, their credit score may be negatively affected 

This can make it difficult for the victim to obtain loans, credit cards, or other financial products in the future 

Victims of credit card fraud may also experience significant amounts of stress and time to resolve the issue 

This may include contacting their credit card company, disputing charges, and monitoring their credit report for any further fraudulent activity