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Fraud Survey: Banks Get Bigger Budgets

58 percent of the 200-plus respondents say their institutions will see increased fraud resources in 2012. 17 percent expect to see 10-to-20 percent hikes in fraud-fighting budgets this year. Only 11 percent say they have come into conformance with FFIEC Authentication Guidance. The survey shows the top five most common forms of fraud are: Credit and Debit Fraud, check fraud, ATM fraud and Phishing and Vishing. Despite declines in the volume of checks processed annually, 76 percent say check fraud remains an issue.”]

Source: https://www.cuinfosecurity.com/fraud-survey-banks-get-bigger-budgets-a-4673

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