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Every Dollar Lost to a Fraudster Costs North America's Financial Institutions $4.41 According to LexisNexis True Cost of Fraud Study from LexisNexis Risk Solutions

LexisNexis® Risk Solutions unveiled the findings of the seventh edition of its annual LexisNexis® True Cost of Fraud™ Study: Financial Services and Lending Report — U.S. and Canada Edition. The report, based on a commissioned study conducted by Forrester Consulting, reveals 63% of financial firms reported an overall fraud increase of at least 6% within a 12-month period, with digital channels accounting for half of the overall fraud losses.