2013 ABA Deposit Account Fraud Survey

With financial fraud on the rise, where does your bank stand in terms of losses, security, and other pressing issues—especially when challenged by the fraud potential of alternative delivery systems such as the Internet, telephone banking, debit cards, ACH, and wire transactions?

The 2013 ABA Deposit Account Fraud Survey collects baseline information on check, debit card, and electronic payment fraud losses, and the actions taken by banks to reduce these losses. The survey examines the leading threats against deposit accounts, current and projected fraud losses, and other fraud-related topics both by overall industry trends and by bank asset size. Among its findings:

  • Fraud against bank deposit accounts cost the industry $1.744 billion in losses in 2012, according to ABA estimates.  Debit card fraud accounted for more than half of 2012 losses (54 percent), followed by check fraud (37 percent). Online banking and electronic transactions such as wire and ACH accounted for the remaining 9 percent of losses.
  • Compared with the last survey results, the risks that gained most in perceived fraud threat are mobile banking, online banking, signature-based debit cards, and wire fraud originations.
  • Survey respondents reported seeing an increase in social engineering and information gathering attempts by fraudsters using the phone channel.
  • The leading check fraud categories were return deposited items, forgeries, and counterfeit checks.
  • The leading debit card fraud categories were counterfeit cards, card not present transactions, and lost or stolen cards.
  • Banks’ prevention measures stopped approximately $13 billion in fraudulent transactions in 2012.

An online edition of the survey report is included with the purchase of the report. This online edition allows viewing, though not printing, of the report on up to eight separate devices.

Note: The online edition is being provided for the purchaser's personal use and is not intended to be shared enterprise wide. For further questions, please contact ABA at Benchmarking@aba.com.

Release date: December 2013

View Table of Contents
View Index of Datatables


To order:

Hardcopy, softbound in color, 201 pages, (c) 2013
Catalog #3009880
$800 List Price
$400 Member Price

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Your comments and questions are very important to us. Please send an email to Benchmarking and Survey Research or call us at 1-800-BANKERS (800-226-5377).