Monetary Losses: Consumers who are victims of fraud will have less money to save, invest and spend.
Liability: Since consumers are often not liable for many types of fraud, financial institutions and merchants assume responsibility for
most of the money lost as a result of fraud. Helping consumers to better safeguard their Identity, ATM, Credit Card and to prevent
fraudulent wire transfers, will only help to reduce the staggering amounts of monetary loses and "write-offs" for financial institutions
Elder Financial Exploitation: Senior citizens are one of the largest segments of the U.S. population and are very important to the
success of financial institutions and merchants. Financial scams targeting seniors have become so prevalent because seniors are
thought to be easy targets and have a significant amount of money.
Commercial, Retail & Non-Profits: As larger companies invest in cyber security protection, small businesses and non-profit
organizations are now the primary targets of cyber criminals.
Fear: Fear of fraud will hold back consumer acceptance of current and emerging technologies.