the SEPA and EU28 by the European Central Bank's 'SecuRe Pay' requirements and the Payment Services Directive 2 legislation. By Cardholders Reporting lost or stolen cards Reviewing charges regularly and reporting unauthorized transactions immediately Keeping a credit card within the cardholder's view at all times, such as in restaurants and taxis Installing virus protection software on personal computers Using caution when using credit cards for online purchases, especially on non-trusted websites, make sure site is reputable Keeping a record of account numbers, their expiration dates, and the phone number and address of each company in a secure place. Not sending credit card information by unencrypted email Not keeping written PIN numbers with the credit card. Not giving out credit card numbers and other information online Sign up for transaction alerts when card is used Be aware of phishing schemes Disparities and Ethical Dilemmas in Credit Card Fraud Generation Differences Millennials are the biggest victims of all fraud, including credit and debit card fraud, digital wallet, digital payment, banking and tax fraud. Followed by them are the GenXers and then the GenZers. Millennials spend the most time trying to recover money lost due to fraudulent charges, disputing fraudulent charges, and checking accounts for fraudulent or unusual activity out of any of the generational groups. GenZers experienced fraud most often through digital payment apps such as PayPal, Venmo and Square. The other generations experienced most of their issues through credit card fraud. Baby Boomers were found to have the lowest instances of fraudulent charges, and also spent the least amount of time trying to recover money due to fraudulent charges or to dispute these charges. Racial Differences "The Federal Trade Commission ("FTC") and the Consumer Financial Protection Bureau ("CFPB") produced reports on the connection between minority populations and consumer issues. Each report came to the same conclusion: unfair and deceptive practices have unique and disproportionate impacts on communities of color. These findings suggest that more needs to be done to protect these communities from fraud." On top of this, hackers specifically target communities of color for reasons such as their need for additional income or credit, or their tendency to use certain types of financial products. Additional report findings: While Black and Latino consumers are more likely to experience fraud, Latino communities predominantly underreport compared with Black and White communities. Latino and Black consumers report different rates of fraud concerning distinct categories