Bryan Borzykowski 
Debit Card Fraud Detection For Dummies (Custom) 

Understand the essentials of detecting and preventing debit card fraud

Ensure that you stay a step ahead of financial criminals with this friendly guide

Financial service industry staff know all too well how tricky combating debit card fraud can be. Packed with insider knowledge, this handy booklet reveals the increasingly sophisticated methods criminals use to commit debit card fraud, shares expert tips on how financial institutions can protect themselves and their customers through early detection methods, and introduces staff to the leading edge technologies that greatly reduce the risk of being targeted by debit card scammers.

Discover how to:
* Spot debit card fraud schemes
* Quickly uncover common points of compromise
* Improve your fraud detection efforts
* Protect customers from debit card losses

Table of Content

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