Fraud losses linked to debit fraud are increasing, says Jane Yao, vice president and director of the Benchmarking and Survey Research Group for the American Bankers Association. “It is easier for the fraudsters nowadays,” Yao says. Yao oversees data collection of fraud losses and monitors fraud attempts related to checks, debit cards, online banking, ACH and new accounts. More banks are investing in cross-channel fraud detection and monitoring, says Yao. The ABA says better detection tools and education of staff and customers are key to combating fraud.”]
Source: https://www.cuinfosecurity.com/tips-to-fight-debit-fraud-a-4525