New season, new fraud. Identity fraud continues to surge, as businesses navigate rising threats with the skyrocketing financial impact of fraud. Protect your organization, your customers, and yourself by staying ahead of emerging fraud trends.
The Fraud Bulletin is a bimonthly newsletter that shares the latest news, resources, and expert insights on both fraud trends and the technology that is fighting fraudsters on the front line.
Identity Fraud Cost Americans $43 Billion in 2023
Takeaway: Identity fraud losses grew by 13 percent last year. $23 billion was lost to traditional identity fraud and $20 billion to scams orchestrated by criminals.
Silent Surge: The Sudden Rise in Synthetic Business Fraud
Takeaway: While banks and fraud fighters focus their energies on combating synthetic identities used by individuals, fraudsters are simultaneously establishing fake business entities to exploit the system for more money with far less hassle.
EU-US to Continue Aligning Digital Identity Standards
Takeaway: Following a Trade and Technology Council ministerial meeting in Belgium last week, the United States and European Union release a joint statement, detailing the progress that has been made and outlining future steps.
1 Million Children Had Their Identities Stolen This Year – Here's How to Protect Your Kids
Takeaway: Identity theft is a growing concern for individuals of all ages but an alarming new trend is emerging: criminals are targeting children online to steal their IDs.
An Alabama City is One of the Nation's Hotspots for Credit Card Fraud, ID Theft, Study Shows
Takeaway: Tuscaloosa, AL is one of the nation's hotspots for fraud and leads the nation with 235.3% increase in cases of fraud reported between 2019-2023.
How Your Businesses Can Fight AI-Based Identity Fraud
Distinguishing between good AI and bad AI when it comes to cybersecurity is a growing concern for business leaders. Learn about the rapid growth of AI, the risk this poses to businesses' online security, and how they can combat AI-based identity fraud threats as this technology advances. Continue reading ...
Account Takeover Protection: Risks, Targets and Prevention Strategies
Account takeover attacks, which are a form of identity theft, increased by 354% year-over-year in 2023. But help is available: account takeover protection exists to fortify your defenses against sly cybercriminals. Continue reading ...
Cutting-edge identity verification (IDV) technology offers businesses a fighting chance against fraud's growing pervasiveness. By systematically verifying each user's identity during the account enrollment process -- even before onboarding -- you can encourage user conversion and avoid transaction abandonment, while remaining compliant with any regulations.
AuthenticID, Inc, 5209 Lake Washington Blvd NE, Suite 105, Kirkland, WA 98033, USA
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