Report: Credit Card Fraud Update: Silos Versus The Balloon Effect TOC

TABLE OF FIGURES
Introduction
I. Silos vs. The Balloon Effect
- A Vision of Enterprise Risk Management
- The Balloon Effect: You Can Count On It-Just Not Where
- The Dark Numbers of Fraud
II. Quantifying The Quantifiable
- Trends In Issuer-Related Fraud: Some Relatively Good News
- Trends in Online Merchant-Related Fraud
III. Strategic Implications
- Fixing A Big Hole
- Taking On The Silos

Figure 1: Credit Card Fraud Solutions Are Just One Element Of Enterprise Risk Management
Figure 2: The Balloon Effect: Fraud Solutions Displace Criminal Activity To New Venues
Figure 3: Sources Of Fraud: Old Favorites and New Contenders
Figure 4: Mass Data Compromises Appear To Be Driven By Stolen Property Rather Than Intentional Fraud
Figure 5: Fraud Losses, Known And Unknown
Figure 6: Credit- Related Frauds On Consumers Are Often Overlooked
Figure 7: Recent Issuer Fraud Losses Have Trended Under 7 Basis Points
Figure 8: Bank Card Issuer Fraud Loss Expenses Have Remained Within A 40BP Cost Range
Figure 9: Bank Card Fraud Expenses Remain Under $1 Billion Despite Rising Volume
Figure 10: Bank Card Fraud As A Percent of Outstandings Has Remained Flat
Figure 11: Bank Card Fraud As A Percent of Chargeoffs Has Remained In a Narrow Range
Figure 12: Growth In Online Fraud Has Paralleled Growth In Online Sales
Figure 13: While Online Sales More Than Tripled In Five Years, Fraud Declined As A Percentage
Figure 14: Online Merchants Deploy An Array of Anti-Fraud Tools

Credit Card Fraud Update: Silos Versus The Balloon Effect