After years of record-high fraud rates, 2018 saw the cost of fraud and the number of victims decrease for the first time in three years. According to Javelin Strategy & Research’s 2019 Identity Fraud Study, the total amount of identity fraud in 2018 amounted to $14.7BB and impacted 14.4MM adults in the U.S. — more than 5% of the total population.
While decreasing levels of fraud might bring some relief, GIACT found a more complicated picture: fraud is evolving and migrating; identity fraud has entered a new phase.
What You'll Learn
Latest fraud tactics and targets, including new account fraud (NAF) and attacks on loan origination
Fraud’s alarming migration to less conventional targets
Strategies to counter today’s evolving fraud tactics