1,851,803 records were lost by financial institutions in the first half of 2010 in 38 breaches, according to the Identity Theft Resource Center.
$1.024 billion was lost due to check fraud in 2008, up slightly from the $969 million in 2006, according to the American Bankers Association.
72 percent of check fraud instances were a result of counterfeit checks using the organization's MICR line data, according to the Association for Financial Professionals.
$799 million was lost to debit card fraud-POS signature, POS PIN, and ATM transactions combined-in 2008, according to the ABA.
The FS-ISAC created an Account Takeover Taskforce that calls on banks, law enforcement and regulators to identify industry best practices in the areas of prevention, detection and response, says Errol Weiss, director of cyber intelligence at a large international bank and chairman of the FS-ISAC account takeover task force.
