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Senator: Top Banks Only Reimburse 38% of Unauthorized Claims
Trends, Reports, Analysis
July 26, 2024
Bank Info Security
US Senator Richard Blumenthal revealed that Bank of America, JPMorgan Chase, and Wells Fargo only reimbursed 38% of customers for unauthorized payments, resulting in $100 million in fraud losses.
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U.S. Banks
United States
Cybercrime Losses
Unauthorized Payments
Fraud Losses
Publisher
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