This statistic presents the effectiveness of leading authentication methods for fraud risk mitigation and their effectiveness, as assessed by U.S. financial institutions in 2016. At that time, 53 percent of institutions indicated that PIN authentication was very effective.
Transaction authentication measures used to mitigate fraud risk in the United States in 2016
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Federal Reserve. (February 8, 2018). Transaction authentication measures used to mitigate fraud risk in the United States in 2016 [Graph]. In Statista. Retrieved February 12, 2025, from https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/?__sso_cookie_checker=failed
Federal Reserve. "Transaction authentication measures used to mitigate fraud risk in the United States in 2016." Chart. February 8, 2018. Statista. Accessed February 12, 2025. https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/?__sso_cookie_checker=failed
Federal Reserve. (2018). Transaction authentication measures used to mitigate fraud risk in the United States in 2016. Statista. Statista Inc.. Accessed: February 12, 2025. https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/?__sso_cookie_checker=failed
Federal Reserve. "Transaction Authentication Measures Used to Mitigate Fraud Risk in The United States in 2016." Statista, Statista Inc., 8 Feb 2018, https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/?__sso_cookie_checker=failed
Federal Reserve, Transaction authentication measures used to mitigate fraud risk in the United States in 2016 Statista, https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/?__sso_cookie_checker=failed (last visited February 12, 2025)
Transaction authentication measures used to mitigate fraud risk in the United States in 2016 [Graph], Federal Reserve, February 8, 2018. [Online]. Available: https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/?__sso_cookie_checker=failed