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
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Federal Reserve. (February 8, 2018). Effectiveness of risk mitigation measures used by financial institutions during the account application process in the United States in 2016 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/942479/fraud-risk-mitigation-measures-usa/
Federal Reserve. "Effectiveness of risk mitigation measures used by financial institutions during the account application process in the United States in 2016." Chart. February 8, 2018. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/942479/fraud-risk-mitigation-measures-usa/
Federal Reserve. (2018). Effectiveness of risk mitigation measures used by financial institutions during the account application process in the United States in 2016. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/942479/fraud-risk-mitigation-measures-usa/
Federal Reserve. "Effectiveness of Risk Mitigation Measures Used by Financial Institutions during The Account Application Process in The United States in 2016." Statista, Statista Inc., 8 Feb 2018, https://www-statista-com.ezproxy.canberra.edu.au/statistics/942479/fraud-risk-mitigation-measures-usa/
Federal Reserve, Effectiveness of risk mitigation measures used by financial institutions during the account application process in the United States in 2016 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/942479/fraud-risk-mitigation-measures-usa/ (last visited November 13, 2024)
Effectiveness of risk mitigation measures used by financial institutions during the account application process in the United States in 2016 [Graph], Federal Reserve, February 8, 2018. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/942479/fraud-risk-mitigation-measures-usa/
