Debit Card Fraud Detection For Dummies (Custom)

Introduction 1 About This Booklet 1 Foolish Assumptions 1 How This Booklet Is Organized 2 Icons Used in This Booklet 3 Part I: Understanding Debit Card Fraud 5 Introducing Debit Cards 5 Becoming Familiar with Debit Card Fraud 8 Learning from international experience 8 Seeing the potential impact for American FIs 9 Part II: Figuring Out Fraudsters' Approaches 11 Obtaining Your Customers' Data 11 Outright theft 11 Identity theft 12 Elder abuse 12 Data breach 12 Card skimming 12 Using Your Customers' Data 14 Card tsunami 14 Card chameleons 15 Flash attacks 15 Part III: Fighting Debit Card Fraud 17 Taking a Layered Approach 17 Educating customers 17 Improving card technology 18 Monitoring transactions 19 Benefitting from Advanced Transaction Monitoring 19 Analyzing behavior 20 Finding common points of compromise 24 Part IV: Ten Tips For Selecting a Monitoring System 27 Take an Enterprise-wide Approach 27 Look for Multi-channel Monitoring 28 Buy Software That Analyzes Customer Behavior 28 Opt for Advanced Transaction Monitoring with CPC Detection 29 Rate Your Risk 29 Find a Flexible Solution 30 Manage Your Cases 30 Automate Your Form Completion Process 31 Kick the Tires on Technology (But Don't Forget to Look Under the Hood Too!) 31 Keep It Simple 31