Which statement about new account fraud is the least accurate?

The statement that ATMs are rarely used in new account fraud is the least accurate because, in reality, ATMs can play a significant role in such fraud schemes. Fraudsters may use ATMs to access funds once a new account is opened, especially if they have obtained the necessary identification and banking information fraudulently. This method allows them to quickly withdraw cash or carry out transactions with little oversight.

In contrast, new account fraud typically involves various tactics, including the use of false identification to set up accounts, the risk associated with mobile deposits due to the potential for immediate fund availability, and the possibility of withdrawing funds from stolen checks. Each of these elements highlights how perpetrators exploit banking processes, but minimizing the role of ATMs does not reflect the practical realities of fraud scenarios where ATMs are indeed commonly used.