In fact, loss avoidance due to banks prevention procedures amounted to 224 percent of actual losses, up from 113 percent in 1997. ABA s Deposit Account Fraud Survey Report identifies the top 10 fraud prevention methods as well as rating the effectiveness of more than 40 check fraud prevention procedures. Also included is a new section on Electronic Fraud . As more institutions begin to offer debit cards, telephone banking and Internet transactions, the industry s exposure to electronic fraud is on the rise. Learn what are the perceived new threats against deposit accounts in the next 12 months.
All information is broken down into four bank asset sizes for easy benchmarking.
Click here for a copy of the table of contents. Click here for a copy of the index of data tables. Many banks across the country have experienced dramatic reductions in check fraud with this fingerprint signature program. Since fingerprints can't be forged, it's a great way for your bank to cut down on losses caused by the cashing of forged or counterfeit checks. E-mail the ABA Webmaster.