The results of Actimize's Card Fraud and Mass Compromise peer-review survey validate a number of widely held assumptions about recent developments in card fraud, and also point to a number of less obvious trends in card fraud risk management. Download this report to learn more about:
- Impact of mass compromise events on consumer confidence
- Effect of the current economic situation on consumer card usage
- Anticipated growth rate of ATM/debit fraud in 2009
- Methods and technology banks are using to prevent ATM/debit fraud
| The expected increase in ATM/debit card fraud attempts in 2009 |
Percentage of current losses that can be prevented with
real time detection |
Research Study Background
This research study, sponsored by Actimize, a leading provider of technology solutions for anti-money laundering, brokerage compliance and fraud prevention, was conducted by Infosurv, an independent research firm, in the second quarter of 2008. The survey participants - 161 financial services representatives, who handle risk management within their firm – completed an online survey that consisted of over 30 questions. The respondents represent financial institutions globally, but were highly concentrated in the Americas, followed by Europe. Most respondents work at firms with $10+ billion in assets. Forty-five percent represent retail banks and 21 percent other multi-line firms, with the remainder somewhat evenly spread amongst brokerage, card issuers, investment banks and insurance companies. Most respondents identified themselves as working within compliance and AML groups.
About Actimize
Actimize, a NICE Systems company (NASDAQ: NICE) is the world's largest and broadest financial crime, risk and compliance solutions provider. Actimize empowers its clients to prevent financial crime, mitigate risk, reduce operational costs, minimize losses and improve compliance. Actimize provides real-time and cross-channel fraud prevention, anti-money laundering, enterprise investigations, risk management and trading surveillance solutions; built upon the Actimize Core Platform which has been enhanced by the company's acquisitions of Syfact and Fortent (Searchspace) analytics and technology. With offices across North America, Europe, Asia and the Middle East, Actimize serves the majority of the world's largest financial institutions including all of the top 10 global banks. www.actimize.com