Business News • MarketWire • SmartMetric Says the Reported 40% Increase in the Cost for Retailers of Payment Card Fraud Resulting in $32 Billion Losses in 2014 Up From $23 Billion in 2013 Is Staggering and Due to the Intrinsic Insecurity of Payment Cards

SmartMetric Says the Reported 40% Increase in the Cost for Retailers of Payment Card Fraud Resulting in $32 Billion Losses in 2014 Up From $23 Billion in 2013 Is Staggering and Due to the Intrinsic Insecurity of Payment Cards

SmartMetric Says the Reported 40% Increase in the Cost for Retailers of Payment Card Fraud Resulting in $32 Billion Losses in 2014 Up From $23 Billion in 2013 Is Staggering and Due to the Intrinsic Insecurity of Payment Cards

NEW YORK, NY--(Marketwired - Apr 21, 2015) - SmartMetric, Inc. (OTCQB: SMME) SmartMetric says the recent report by the research company BI Intelligence reveals a massive increase in the cost of payment card fraud for United States retailers. The report shows that the cost of fraud increased from $23 Billion in 2013 to $32 Billion in 2014. This represents almost a 40% increase in the cost of fraud in just 12 months.

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