Amid a surge in fraud, a striking statistic emerges: 61% of consumers report being somewhat or very likely to leave their bank if they experience an unauthorized or fraudulent transaction on their checking account.
Mitek and Datos Insights deep dive into this and other key insights from their new whitepaper: Check Fraud's Hidden Costs: Uncovering the True Impact on Consumers. In this discussion, they explore the profound effects of check fraud on consumers' financial stability, emotional well-being, and trust in the banking system. Additionally, they'll share actionable strategies your institution can implement to mitigate these impacts.
Key Takeaways:
- Discover how check fraud is evolving and exploiting vulnerabilities in check processing systems.
- Understand the critical importance of a customer-centric approach to fraud detection and resolution.
- Gain effective strategies for reducing the impact of check fraud, including the implementation of advanced check fraud detection controls.
Equip your institution with the tools needed to protect your consumers and reduce the negative effects of check fraud.
