STATISTICS, FACTS, & SUCH

"...it is estimated that only about 13 percent of U.S. households currently use the Internet to bank..." Comptroller of the Currency, John D. Hawke Jr., The Arizona Republic, 6/11/01

"About 15 percent of all bank customers are using online banking products. That's up from 11 percent last year." Cathy Graeber, senior analyst,.Forrester Research Inc.

At large banks, the usage of the Internet is higher. On average, usage during the first quarter of 2001 was 20 percent, up from 18.4 percent at the end of 2000. Credit Suisse First Boston Survey.

FBI statistics show most morning glory type robberies happen at branches where five or fewer employees are assigned. World Entertainment News Network, 6/21/01

40% of people use the word "password" as a password, or a word easily guessed such as their name, when banking on-line. 50% left their password typed in their computer. Research reported by E-security, Financial Services Authority, 6/22/01

Revised Article 9 of the UCC does not take effect in Alabama, Florida, and Mississippi until Jan. 1 and in Connecticut until Oct.1, 2002. CNN Law Review, July, 2001

In spite of the new ruling, banks will still have to search local and state records when perfecting a lien until 2006, as most filings are valid for five years. American Banker, July 24, 2001

57% of computer hacks are initiated against financial institutions. Business Wire, IDC, Gilian Technologies, Silicon Valley, 7/9/01

For every $1 million stolen from online banks, actual losses total around $115 million when taking into consideration lost transactions, lost customers, increased fraud premiums, and expenses related to rebuilding customer confidence. Forrester Research, Cambridge, 7/9/01

Copyright © 2001 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 11, No. 8, 8/01