The on-line Banking industry needs CEP: 2 million bank accounts robbed

Nearly 2 million Americans have had their checking accounts raided by criminals in the past 12 months, according to a soon-to-be released survey by market research group Gartner. Consumers reported an average loss per incident of $1,200, pushing total losses higher than $2 billion for the year.

Gartner said the industry was reeling in part because there is no software designed to detect unusual checking account withdrawal patterns, outside of software that looks for money laundering, which doesn’t catch simple unauthorized withdrawals.

Read more by Bob Sullivan at MSNBC