This statistic presents the effectiveness of leading authentication methods for fraud risk mitigation and their effectiveness, as assessed by U.S. financial institutions in 2016. At that time, 53 percent of institutions indicated that PIN authentication was very effective.
Transaction authentication measures used to mitigate fraud risk in the United States in 2016
Characteristic
Use & very effective
Use & somewhat effective
Use & somewhat ineffective
Don't use
Don't know
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Federal Reserve. (February 8, 2018). Transaction authentication measures used to mitigate fraud risk in the United States in 2016 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/
Federal Reserve. "Transaction authentication measures used to mitigate fraud risk in the United States in 2016." Chart. February 8, 2018. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/
Federal Reserve. (2018). Transaction authentication measures used to mitigate fraud risk in the United States in 2016. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/
Federal Reserve. "Transaction Authentication Measures Used to Mitigate Fraud Risk in The United States in 2016." Statista, Statista Inc., 8 Feb 2018, https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/
Federal Reserve, Transaction authentication measures used to mitigate fraud risk in the United States in 2016 Statista, https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/ (last visited July 22, 2024)
Transaction authentication measures used to mitigate fraud risk in the United States in 2016 [Graph], Federal Reserve, February 8, 2018. [Online]. Available: https://www.statista.com/statistics/942519/transaction-authentication-measures-to-mitigate-fraud-risk-usa/