Fraud Survey finds Rising Card Fraud and Eroding Consumer Trust.
With over 4 billion data records stolen since 2013, the security of the financial services value chain is a critical topic within the industry and among consumers.
Alite’s 2016 Impact Report finds that financial institutions are at risk of losing customers due to eroding trust in their financial institutions. This survey finds:·
Nearly a third of consumers have experienced card fraud in the past five years
More than 1 in 3 use a compromised account less frequently after fraud
More than 1 in 10 lack confidence in their financial institution to protect them from fraud
For more information, download the full report, go to learn more, download the biennial fraud survey from ACI Worldwide and analyst firm Aite Group. It focuses on global and regional card fraud trends, consumer behaviors and attitudes toward fraud, and consumer trust.