Rising Scam Threats Force Banks to Innovate Fraud Prevention Strategies
The State of Fraud and Financial Crime in the U.S. – November 2024
The fight is on. Fraudsters are using more sophisticated tech to scam consumers, but FIs are countering these attacks with their own advanced tools. Will it be enough, though? This year’s edition of “The State of Fraud and Financial Crime in the U.S.” from PYMNTS Intelligence details the dynamic fraud prevention environment. Read it now.
Inside the November Study
- 40%: Share of FIs reporting their fraud-related dollar losses grew in the last 12 months
- 29%: Share of FIs that have not added behavioral analytics technology to their anti-fraud systems
- 83%: Share of FIs that cite cost as a factor that makes it difficult to upgrade their fraud prevention solutions
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