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For the first time in recent years, credit card fraud -- which remains the highest fraud type for online retailers -- has dropped from 59 percent of total fraud found in the 2016 holiday week to 42 percent of total fraud found in 2017 the holiday week.

Account Takeover has replaced Stolen Financials as the fastest growing fraud threat for eCommerce websites in 2017.

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.