Trends in Fraud

Trends in FRACA Suspected Fraud Attempts Continue 35% Increase 15% Decrease 50% Stayed the Same Where Fraud Attempts Occur 78% Website Applications Most prevalent type of fraud 57% 6% Çall Čenter Suspected Credit, Debit and/or Prepaid Card fraud is the most prevalent type of fraud receiving 57% of responses followed by Account Takeover at 35%. 6% In-Person Applications 3% Mobile Applications 35% 7% Other Average Estimated Transaction Value 12% $35,000-$50,000 45% 6% $20,000-$35,000 4% $10,000-$20,000 <$1,000 8% $5,000-$10,000 10% $3,000-$5,000 16% $1,000-$3,000 Shifting Tactics Used by Fraudsters Seen As Biggest Challenge 60% 44% 29% Shifting tactics used by fraudsters Lack of customer Insufficient awareness resources 27% 15% Organizational silos 20% Lack of internal Coordination with awareness law enforcement 17% Lack of regulation or controls Source: http://ww2.idology.com/lp/2013fraudreport.html IDOLOGY N. LOGY INC. INFOGRAPHIC DESIGNED BY ENationalPositions %24