How fraudsters are getting around chip and pin cards

It's time to start paying closer attention to your credit report.

The days of spotting an unauthorized charge on your credit card aren't over, but criminals have been increasingly focused on perpetuating a kind of fraud that's harder for consumers to spot and can be more difficult to fight — opening new credit cards and other accounts in the victim's name. Such "new account fraud" jumped 113 percent in 2015, and now represents 20 percent of all fraud losses, according to a new report from Javelin Strategy & Research.

How fraudsters are getting around chip and pin cards