Market Commentary

Fraud and Investing

Credit Card Fraud

Almost one in four Americans were victims of credit card fraud in 2020. It was either fraud or a card was stolen. Both fraud and identity theft are rising fast. Our daily lives are more than ever on the net, and we, through our cell phones, laptops, or TV, are spending more time online.

This presents opportunities for investors as more instances of fraud and identity theft occur more demand to prevent it is inevitable. Companies focusing on this area have seen their sales and profits substantially increase and there is no slowdown for the need for their services.

Both as a consumer and investor it would be wise to protect yourself and invest in this area.