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

PYMNTS Reports

Focus on Europe
How Consumers Want to Live in the Voice Economy
Traditional FIs Fight Digital Alternatives For Consumer Trust
Changes in Grocery Shopping Habits and Perception
Streamlining Bill Payment: How Frictionless Experiences Drive Customer Engagement
Online Sellers: The Future Is Multichannel
The Benefits Of Membership: Mass Retailers And Subscription
Digital Care Connection: How Telehealth And Digital Payments Can Expand Mental Healthcare Access
Mass Payments
Inspiring Trust In The New Digital Economy
AskPYMNTS: What Is A Bank? What U.S. Consumers Think About The Key Issues Driving The Connected Economy
VIRTUAL REALITY IN RETAIL
ENTERPRISE RETAIL GROCERY
Connected Consumer