LexisNexis Risk Solutions and Javelin Research have released a 2016 LexisNexis Card Issuer Fraud Study entitled “Issuers Confront Application Fraud and Account Takeover in a Post-EMV U.S.” about how card issuers are faring in a Post-EMV market. The study delivers executive-driven insights into current issues, including:
- The reasons credit cards accounted for 71% of fraud losses in 2015 and how EMV has impacted fraud tactics.
- How recent breaches accelerated growth in Account Takeover Fraud and Synthetic Identify Fraud and the methods to strengthen verification processes.
- Why 41% of issuers view their call centers as serious contributors to the rise in Account Takeover Fraud and the tools to close that loophole.
- The significant role that manual reviews play for more than 63% of card issuers.
- Steps to better coordinate fraud mitigation across multiple channels.
Explore the full study for new strategies to prevent key areas of fraud vulnerability and protect your business.
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