Experian’s eighth annual identity and fraud report found that consumers continue to express concerns with online security, and while businesses are concerned with fraud, only half fully understand its impact – a problem we previously explored in last year’s global fraud report. In our latest report, we explore today’s evolving fraud landscape and influence on identity, the consumer experience, and business strategies.
We surveyed more than 2,000 U.S. consumers and 200 U.S. businesses about their concerns, priorities, and investments for our 2023 Identity and Fraud Report.
This year’s report dives into:
- Consumer concerns around identity theft, credit card fraud, online privacy, and scams such as phishing.
- Business allocation to fraud management solutions across industries.
- Consumer expectations for both security and their experience.
- The benefits of a layered solution that leverages identity resolution, identity management, multifactor authentication solutions, and more.
To identify and treat each fraud type appropriately, you need a layered approach that keeps up with ever-changing fraud and applies the right friction at the right time using identity verification solutions, real-time fraud risk alerts, and enterprise orchestration. This method can reduce fraud risks and help provide a more streamlined, unified experience for your consumers. To learn more about our findings and how to implement an effective solution, download Experian’s 2023 Identity and Fraud Report.