Is Debit Card Fraud a More Significant Problem Than Check Fraud?
Shirley Inscoe at Bank Fraud Forum writes that according to the 2009 ABA Deposit Account Fraud Survey Report, debit card losses totaled $788 million in 2008, compared to $1.024 billion lost to check fraud. On the surface, check fraud is clearly a larger problem. Surprisingly, however, more banks reported experiencing debit card fraud losses than check fraud losses. While 92% of survey participants reported experiencing debit card fraud, only 80% of banks reported experiencing check fraud losses.
