SmartMetric Says Reports the Xfinity Data Breach This Week, Comcast Hack Affects Nearly 36 Million United States Customers Showing the Urgent Need for More Secure Credit Cards Such as the SmartMetric Biometric Fingerprint Secured Credit Card

SmartMetric, Inc. (OTC: SMME) the sensitive personal data of more than 35 million people has been compromised. Now, victims’ full names, Social Security numbers and dates of birth may be in the hands of criminals, putting victims at a greater risk of identity theft and other frauds. ¹

The troubling near term and long term risk to consumers is where data thieves use a person’s information to take over existing credit card accounts or even setting up false bank accounts using the newly stolen identity data.

“Account takeover is a serious flow on from personal data information data thefts. Having biometric fingerprints stored inside a card that is used to positively verify the identity of the card user provides the next level of identity security for credit card users," said SmartMetric’s President and CEO, Chaya Hendrick.

As reported by SmartMetric last week, reports on credit card fraud are continuing to show an exponential growth in fraud rates in the United States. According to a report released this year by Security.org ² 151 million Americans have fallen victim to credit card fraud.

• 65 percent of credit and credit card holders have been fraud victims at some point in their lives, up from 58 percent last year. This equates to about 151 million Americans.
• An increasing number of Americans have been victimized multiple times: in 2022, 44 percent of credit card users reported having two or more fraudulent charges, compared to 35 percent in 2021

Credit Card fraud is a growing issue for both card holders and card issuing banks. The biggest under the radar cost to the consumer is the add on fraud crimes that happen following a credit card fraud instance. A growing number of credit card fraud victims become also victims of other identity theft-based crimes which can be financially devastating to card fraud victims according to SmartMetric.

“The need for a more secure credit and debit card is more needed today than ever before. That is why we have spent well over a decade in research and development to create a work anywhere at anytime biometric protected credit card," said SmartMetric’s President & CEO, Chaya Hendrick.

“The SmartMetric biometric credit card is the only advanced biometric payments card product with an internal rechargeable battery that allows the card to be used in all card usage cases such as restaurants, gas stations and ATM’s. Having its own power inside the card allows the SmartMetric biometric cards fingerprint scan and match to turn on the card, before it is inserted into a card reader," said Chaya Hendrick.