Which of the following statements about new account fraud is least accurate?

The statement regarding mobile deposits being at low risk for new account fraud is the least accurate. New account fraud typically involves perpetrators taking advantage of various vulnerabilities in the bank's processes and systems when a new account is created. Mobile deposits, while they do provide convenience, can also present an opportunity for fraud, especially in the context of new accounts.

In new account scenarios, there is often less scrutiny applied due to the account's recent status and the bank's focus on attracting new customers. This can lead to situations where fraudulent activities go unnoticed. The lack of a history for the account makes it difficult to assess risk accurately, allowing fraudsters to exploit mobile deposit features for illicit gains more easily.

Understanding that new accounts are generally more susceptible to fraud is crucial, as these accounts may not yet have established behavioral patterns that the bank can rely on to detect anomalies. Furthermore, new account fraud can also occur shortly after the account's opening, which is defined as events happening within the first ninety days. This timeframe aligns with the increased likelihood of fraudulent activity as criminals may exploit promotional offers or bonus incentives associated with new account openings.