The research firm Cybersource estimated that online credit card fraud in the United States amounted to about ________ in 2012.
A)$35 million
B)$350 million
C)$3.5 billion
D)$35 billion

Question

Quizplus · Accepted Answer

The question mentions online credit card fraud in the United States and asks for an estimate for the year 2012. Out of the given answer choices, only option C, $3.5 billion, seems to be within reasonable limits for the scale of the problem. Option A is a relatively small amount, and option B also seems low compared to prior estimates (e.g., Javelin Strategy and Research estimated $3.4 billion in online credit card fraud losses for 2011). Option D, $35 billion, appears to be an overestimation, as it would mean that online credit card fraud is responsible for a significant proportion of the entire country's retail sales.

The Research Firm Cybersource Estimated That Online Credit Card Fraud