$1.7B Deposit Account Fraud Last Year

(December 12, 2013)

According to an American Bankers Association survey, $1.7 billion was lost to deposit-account fraud last year.  Another $13 billion in potential fraud was successfully stopped by bank's preventative measures.  Continued bank and customer vigilance will help prevent a large portion of fraud attempts.

Relevant URL(s): http://www.americanbanker.com/issues/178_238/deposit-account-fraud-cost-banks-1-7-billion-last-year-aba-1064264-1.html