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2009 Deposit Account Fraud Survey Report

With financial fraud on the rise, where does your bank stand in terms of losses, security, and other pressing issues—especially when challenged by the fraud potential of alternative delivery systems such as the Internet, telephone banking,
debit cards, ACH and wire transactions?

The 2009 ABA Deposit Account Fraud Survey collects baseline information on check and electronic payment fraud losses, and the actions taken by banks to reduce these losses.  The survey examines the leading threats against deposit accounts, current and projected fraud losses, and other fraud-related topics both by overall industry trends and by bank asset size.  Among its findings:

  • Industry check-related losses amounted to an estimated $1.024 billion in 2008, up slightly from the $969 million in 2006.  The number of fraud cases also increased.
  • Eight in 10 banks (80 percent) reported having check fraud losses in 2008.
  • Compared with the last survey, substantially more banks now capture check images at ATM, branch, central processing, and/or lockbox areas.  Survey results show that electronic check processing has shortened check-clearing cycle.
  • Industry losses from debit card fraud—POS signature, POS PIN, and ATM transactions combined—reached an estimated $788 million in 2008.

Release date: November 2009

View Table of Contents 
View Index of Data Tables 

To order: 

Hardcopy, softbound in black and white, 156 pages, (c) 2009
Catalog #3005757
$800 List Price
$400 Member Price 

Your comments and questions are very important to us. Please send an email to Benchmarking and Survey Research or call us at 1-800-BANKERS (226-5377).

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Last updated: 12/16/09