I participated Payments Summit 2016 where they presented some hard numbers and you could also discuss with industry people. 50% of credit card fraud is 1st per

I participated Payments Summit 2016 where they presented some hard numbers and you could also discuss with industry people. 50% of credit card fraud is 1st person fraud (you lie about the purchase yourself). Rest is online fraud, which is expected to go up with the chip and pin. The same happened in UK as crooks just moved to different liquidation methods of stolen credit cards. Stolen / copied card is actually the smallest part of the problem and banks estimate that cost of people forgetting their pin numbers is higher than the actual fraud. The estimate is that all fraud goes online until credit cards get tokenized CC numbers or time based CVV numbers (the card has a battery, LCD screen and CVV changes every few hours).