Bank Fraud

Scambaiting, which started as a genre of YouTube content, is now a full-blown tech tactic — with support from Australia's biggest bank.

Digital channel usage, account reconciliation and physical check safety are a few of the areas banks can advise customers on to help fight a rise in fraud.

The card network said it saved would-be victims $350 million in the first year after it combined several crime-fighting units.

Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the total cost continued rising.