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2007 Deposit Account Fraud Survey Report 
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, and ACH transactions?
The 2007 ABA Deposit Account Fraud Survey concentrated on collecting baseline information on check and electronic payment fraud losses, and the actions taken or planned by banks to reduce these losses. The survey examines the leading threats against deposit accounts, current and projected check fraud losses, and other fraud-related topics both by overall industry trends and by bank asset size. Among its findings:
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Survey participants identified signature debit card fraud,customer victimization scams, and fraudulent check deposits as the top three threats against banks' deposit accounts in the next 12 months.
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Eight in 10 banks (80 percent) incurred check fraud losses in 2006, up from 75 percent in 2003.
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The total amount of attempted check fraud against banks' deposit accounts reached an estimated $12.2 billion in 2006. Most of the attempts (92 percent) were caught by banks' prevention systems or measures before incurring any financial loss to the bank.
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On average, 44 percent of a community bank's 2006 check fraud losses could be attributed to organized customer scams. The percentage decreased to 14 percent at the largest banks.
Plus, you will learn about the many measures banks are taking to counter fraud in its various forms, including the prevention methods that participants ranked as most effective, based on their own experience.
Release date: November 2007
Click Here to view the table of contents (PDF Format).
Click Here to view the index of data tables (PDF Format).
Two ways to order:
1) Hard copy ordering information:
Softbound, 192 pages, (c) 2007
Catalog #3004239
$800 List Price
$400 Member Discount
2) Interactive RDL format at e-DATA (Includes a hard copy at no additional fee):
Click here to order and access through e-DATA.
View a sample table from e-DATA.
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 (226-5377).
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