The acceleration to digital platforms created a perfect storm of new opportunities for fraudsters. Synthetic identity fraud, stimulus-related fraud, and other types of cybercrime have seen huge upticks within the past year and a half. In fact, the Federal Trade Commission revealed that consumers reported over 360,000 complaints, resulting in more than $545 million in COVID-19-related fraud losses as of September 2021. To protect both themselves and consumers, businesses — especially lenders — will have to find and incorporate new strategies to identify customers, deter fraudsters and mitigate cybercrime.
The proliferation of new fraud schemes is growing exponentially. From generative AI to retail and small business scams, join our experts to learn what today’s sophisticated fraudsters are scheming for tomorrow and how to protect your business and your consumers.
In this webinar Experian experts explore trends in the e-commerce space and the rising need for a frictionless credit card account owner verification solution.
In our latest white paper, we explore the impacts of synthetic identity fraud and how the right toolset can help organizations identify and prevent it.
The cycle repeats: Criminals, when blocked from one fraudulent
opportunity, look for a new area of vulnerability to exploit.
Responding to a constantly evolving attack sphere that now
includes kiosk, mobile, e-commerce and other channels,
organizations continue to layer more fraud controls atop one
another. While determined fraudsters work to find ways around
them, these controls create additional friction for good customers.
Share