Attempted bank fraud reaches $14.8B

Attempted fraud against bank deposit accounts reached $14.8 billion and banks stopped nearly 90 percent of that, according to the 2013 American Bankers Association Deposit Account Fraud Survey Report. According to the survey, conducted between March and July 2013, bank prevention measures stopped $13 billion worth of fraudulent transactions. Debit card fraud accounted for 54 percent of industry losses and the leading types of debit fraud were counterfeit cards, card-not-present transactions and…