New account fraud on average takes 59 hours to rectify

According to Javelin Strategy & Research, new account fraud on average takes 59 hours to rectify, amounts to $11,253 and usually costs the victim $1393 out of pocket. Existing account fraud takes 26 hours to solve, amounts to $6,319 and costs the victim $862 on average.

According to Javelin Strategy & Research, new account fraud on average takes 59 hours to rectify, amounts to $11,253 and usually costs the victim $1393 out of pocket. Existing account fraud takes 26 hours to solve, amounts to $6,319 and costs the victim $862 on average.

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