Effectiveness of fraud risk mitigation measures in the U.S. 2016

This statistic presents the leading methods of fraud risk mitigation and their effectiveness, as assessed by U.S. financial institutions in 2016. At that time, 58 percent of institutions required new customers to apply in person and said that this was "very effective" in reducing fraud risk.

Effectiveness of risk mitigation measures used by financial institutions during the account application process in the United States in 2016

Use & very effectiveUse & somewhat effectiveUse & somewhat ineffectiveDon't use
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Source

Release date

February 2018

Region

United States

Survey time period

July and August 2017

Number of respondents

283 respondents

Special properties

financial institutions

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Statistics on "U.S. companies and cyber crime"

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