30% - More than 600 data breaches were reported last year to the Identity Theft Resource Center, with a 30% increase from 2012 in breaches that exposed card data. But the banking sector was not among the most common victims of those breaches. The vast majority of the breaches were in the healthcare (43%) and retail (34%) sectors.
$13 Billion - Banks stopped more than $13 billion in fraud attempts in 2013, according to the American Bankers Association.
$3.94 Billion - As cyber crime continues to grow, so will the market for fraud prevention. MarketsandMarkets estimates that spending on fraud prevention globally will increase $3.94 billion over the next few years, from $3.61 billion last year to $7.55 billion by 2018.
Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio