Fraud operators are increasingly using stolen, manipulated, and fabricated identities as the entry point for attacks against both consumers and businesses across the payments ecosystem. These attacks both originate from and target nearly every vertical imaginable ranging from banking, insurance and lending to e-commerce, utilities and telecom.
This paper, The Changing Landscape of Identity Fraud: Fraudsters Strike Back, examines recent data and analyses from a variety of sources, including Aite Group, the Federal Trade Commission, Javelin Strategy & Research, Pew Research, corporate filings and others, to highlight the key areas in which financial institutions, companies, government agencies, and consumers should focus their attention to remain effective in the battle against identity fraud.
- The rising cost of identity-based fraud and how businesses can protect consumers and themselves with safe, secure and reliable transactions;
- How fraudulent actors continue to exploit weaknesses in established identity proofing processes; and
- As fraud operators boost the efficacy of their attacks, consumers are finding themselves more at-risk than ever before.