Bankcard fraud is daily, but the consequences are far more severe than most think.
The money that the bad actors gain is often not spent directly as income for daily life; in most cases, it supports illegal activities, such as purchasing drone and missile parts for ongoing wars. So they physically support the wars around the world! They should step up, not because of the customer experience but because of the ethics of a peaceful world!
For this reason it is more important to not ignore the fraud, and build strong protection against such activities, because with better-protected systems, these activities will lose their fundings.
As technology evolve, it is important to keep up the pace, and build better and better protection to keep our customers data and finance safe.