Bank Security Survey

The PACB Subcommittee on Bank Security needs your assistance to support our efforts to get federal and state criminal law enforcement agencies to enforce financial crimes laws, particularly regarding check fraud, credit card fraud, debit card fraud, loan fraud, and bank robberies, in order to protect our industry and deter fraud and robberies. As you already know, and as indicated by statistics, there has been a tremendous increase in the number and dollar volume of fraudulent activities being perpetrated against banks in recent years. For example, from April 1996 to December 31, 2005, there have been 75,700 Suspicious Activity Reports filed identifying Mortgage Loan Fraud as the suspicious activity. Of these reports, 59% were filed in 2004 and 2005. Mortgage Loan Fraud filings in 2005 increased 41% over those filed in 2004. Consumer Loan Fraud filings in 2005 increased 55% over those filed in 2004. We are receiving an increased number of reports from members regarding credit and debit card fraud that is costing banks thousands of dollars. Also, we are receiving reports of concern over enforcement against bank robberies. We need your help to make a case to the law enforcement community that their work needs to focus on protecting the banking industry and the general public from financial harm caused by perpetrators of financial fraud and robberies. We will collate this information and do not intend to provide the names of specific banks relative to their answers to the Survey questions.

Please complete the attached survey and return it by Friday, October 6, 2006, via e-mail to pacb@pacb.org, or fax to Mr. Dave Transue, Government Affairs Consultant, at 717.231.7445, or by mail to 2405 N. Front Street, Harrisburg, PA 17110.