This statistic gives information on small and medium-sized businesses' reactions to mobile banking fraud in 2012. During the survey, it was found that 15 percent of all U.S. SMBs subsequently terminated the banking relationship with their financial institution.
Reactions of U.S. SMBs to mobile banking fraud in 2012
Characteristic
Share of respondents
Diminished our company's trust and confidence in the banks ability to prevent ACH fraud
25%
No affect on the business relationship
24%
Resulted in our company switching to another bank for primary services
20%
Resulted in the termination of the banking relationship
15%
Increased our company's trust and confidence in the bank's abilities to prevent ACH fraud
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Various sources (The Mid-Atlantic Payment Association). (August 7, 2012). Reactions of U.S. SMBs to mobile banking fraud in 2012 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/245446/reactions-of-us-smbs-to-mobile-banking-fraud/
Various sources (The Mid-Atlantic Payment Association). "Reactions of U.S. SMBs to mobile banking fraud in 2012." Chart. August 7, 2012. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/245446/reactions-of-us-smbs-to-mobile-banking-fraud/
Various sources (The Mid-Atlantic Payment Association). (2012). Reactions of U.S. SMBs to mobile banking fraud in 2012. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/245446/reactions-of-us-smbs-to-mobile-banking-fraud/
Various sources (The Mid-Atlantic Payment Association). "Reactions of U.S. Smbs to Mobile Banking Fraud in 2012." Statista, Statista Inc., 7 Aug 2012, https://www.statista.com/statistics/245446/reactions-of-us-smbs-to-mobile-banking-fraud/
Various sources (The Mid-Atlantic Payment Association), Reactions of U.S. SMBs to mobile banking fraud in 2012 Statista, https://www.statista.com/statistics/245446/reactions-of-us-smbs-to-mobile-banking-fraud/ (last visited July 22, 2024)
Reactions of U.S. SMBs to mobile banking fraud in 2012 [Graph], Various sources (The Mid-Atlantic Payment Association), August 7, 2012. [Online]. Available: https://www.statista.com/statistics/245446/reactions-of-us-smbs-to-mobile-banking-fraud/
