Remove Consumer Authentication Remove Rules Remove Smishing
article thumbnail

US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

Banks can use this information to define rule sets to increase monitoring or do proactive customer outreach in case of balance inquiries, helping to head off criminal activity before it results in losses. We saw that in 2022, 58% of the attempted transactions in fraud cases were balance inquiries. Debbie holds a B.A.