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The evolution of fraud: Mitigating sophisticated attacks

December 7, 2020 by Managing Editor, Experian Decision Analytics

Over the past fifteen years, identity-related fraud has evolved towards more automation, in the form of scripted attacks and bot attacks, as well as more sophisticated phishing attacks. Credential harvesting was the most prevalent form of fraud in the early 2000s, while recently, the global coronavirus pandemic has accelerated sophisticated attacks such as account opening fraud and account takeover fraud.

This infographic showcases the evolution of fraud from 2005 to 2020, offering a complete view of different types of fraud and the most effective identity management and fraud prevention solutions to keep ahead of fraudsters over time:

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