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In October of 2015, a new law went into effect that addressed the liability companies will face when consumers are victims of credit card fraud.
According to the Wall Street Journal, the U.S. is the source of almost half of the world’s credit card fraud but less than a quarter of the world’s credit card transactions.
Most of that is due to the U.S. being one of the last countries to adopt the new EMV cards which contain a chip that makes stealing card information much more difficult. In a world where credit cards have largely replaced money, this had been a needed protection for consumers. It’s the reason some stores have asked you to “dip” your card instead of “swiping.”