Checking account frauds average $1200 per victim

Gartner estimated that nearly 2 million Americans fell victim to checking-account fraud in the last 12 months. The cost to banks and consumers: $2.

Gartner estimated that nearly 2 million Americans fell victim to checking-account fraud in the last 12 months. The cost to banks and consumers: $2.4 billion in direct losses, an average of $1,200 per victim. According to the Anti-Phishing Working Group, phishing attacks jumped 200% during April alone. Spyware is just as prevalent; anti-spyware vendor Webroot Software Inc. previously detected an average of 28 pieces of the software on each PC, and recently noted that one in three of the 1.5 million PCs it surveyed contained some sort of key logger.

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