What constitutes Cardholder fraud?

Cardholder fraud refers to unauthorized transactions made using a payment card, such as a credit or debit card, without the cardholder's consent. This can occur through various means, including stolen card information, phishing attacks, or card skimming devices. The fraud typically results in financial loss for the cardholder and can involve the use of counterfeit cards or online purchases made with stolen credentials. To mitigate such fraud, cardholders are encouraged to monitor their accounts regularly and report any suspicious activities immediately.