News: Customers are Best at Spotting Fraud

by ID Card Group 9. May 2012 08:01

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



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