Report
Published October 16, 2024
Banks Fraud Management
Account takeover (ATO) fraud is surging, with losses reaching nearly $13 billion in 2023 — a 15% year-over-year increase. As fraudsters become more sophisticated, this upward trend shows no signs of slowing.
To protect your organization and customers, it’s critical to implement comprehensive, scalable fraud prevention, identity verification and authentication solutions. Discover why Experian was recently named a leader in ATO prevention by Liminal.
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Safeguarding home equity lending with Experian
Home equity lending is shifting fast and hidden risks could be costing you.
- Fraud is rising: Identity theft and misrepresentation are becoming more common, increasing losses and slowing approvals.
- Workflows are outdated: Manual processes and legacy systems are creating bottlenecks and inefficiencies.
- Profitability is impacted: Many lenders underestimate how these issues affect their bottom line.
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First-party fraud: the most common culprit
First-party fraud is notoriously difficult to separate from credit risk — but first-payment default (FPD) can be the key to earlier, more accurate fraud detection.
Key insights:
- What makes first-party fraud and credit risk so difficult to separate (and so costly to misclassify).
- Why FPD is the strongest, most reliable indicator of first-party fraud.
- Actionable takeaways for businesses to combat first-party fraud.
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Strengthen fraud defenses in rental technology
Rental fraud is surging, driven by generative AI (GenAI) and automation, overwhelming leasing systems and increasing financial risk. Experian helps rental companies detect fraud early, protect revenue, and maintain seamless leasing experiences.
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