Since the late ‘90s in Canada, bank robberies have been on a decline; between 1998 and 2008, such incidents decreased by 38 percent, according to a report by Statistics Canada.

According to the 2017 Debit Issuer Study, U.S. financial institutions substantially increased issuance of chip debit cards in 2016 and experienced reduced fraud losses.

Now, how can private sector businesses join the fight?

Infamous bank robber Slick Willie Sutton is said to have said that he robbed banks “because that’s where the money is.”

Eight in 10 bank customers want biometric authentication beyond the fingerprint in their mobile banking and payment apps.

A new report reveals that 77% of all detected ransomware globally was in four main sectors – business & professional services (28%), government (19%), health care (15%) and retail (15%).

Wells Fargo & Company has initiated cardless technology at 13,000 ATMs that will allow customers to use ATMs without physical debit cards. 

 

The American Bankers Association’s nation-wide bank robbery database, known as ABA Bank Capture, has a new interactive feature that allows subscribers to input ATM crime data — including ATM skimming — providing even more actionable intelligence to help reduce financial crime.