Turns out customers (that’s all of us, folks) are the best fraud protection out there.
According to the Information Security Media Group’s 2012 Faces of Fraud Survey, when asked how a fraud incident was usually detected, 82% of banks said that it was when a consumer notified them.
A very interesting statistic given that the three leading causes of fraud banks experience are those over which the consumer has little control:
- 56% – Card-not-present
- 53% – Data breach at a retailer or processor
- 47% – Point-of-sales skimming
Read the full article here.
Source: Digital ID News
