FIs Spending $2.92 for Every Dollar of Fraud in 2018: Survey

The increased use of mobile browsers and third-party mobile apps could be fueling fraud and its related costs.

By Tina Orem | September 27, 2018 at 09:50 AM

Every dollar of fraud now costs credit unions and other financial services providers about $2.92 in fees, fines, interest, labor and other expenses — a 9.3% increase over 2017, according to new data from LexisNexis Risk Solutions.

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5 Evolving Attack Methods in Credit Card Fraud link

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