Volatility 2020: The need for a recession-ready fraud strategy

Document: Published May 1, 2020

As we began 2020, the new year brought with it an unexpected catalyst for an economic downturn, the COVID-19 pandemic. Since January, COVID-19’s impact on North America has expanded rapidly, leaving consumers and businesses racing to adapt to a new normal. Early indications are that application fraud is increasing threefold.

Amid increased risk of fraud losses during this downturn, learn how to deploy strategies to mitigate risk while banking with minimal friction in this 2020 perspective paper.

Related Resources

  • Tip Sheet: Fighting Emerging Fraud Trends
    Document Published Date: Published Dec 20, 2021

    U.S.-based financial institutions have recently reported an increase in fraudulent activity across a range of accounts and lifecycle stages. Most notable are the trends in account takeover, demand deposit account and new account fraud, all of which are exploiting addressable weaknesses. What’s the best way to prevent these types of fraud? It starts with implementing the right tools.

  • Webinar: Preventing Fraud in Emerging Marketplaces
    Video Uploaded Date: Published Nov 23, 2021

    In this webinar, experts from Experian and Liminal discuss recent and upcoming fraud trends impacting all types of businesses -- including financial institutions, tech companies and more -- and how an automated fraud solution can minimize fraud, provide consumer confidence and reduce silos within organizations.

  • Webinar: Managing fraud and identity in 2021
    Webinar Published Date: Published Mar 25, 2021

    Watch as our experts discuss the top fraud and identity trends for 2021—including first-party, synthetic identity, account application and account takeover fraud. We’ll also explore how fraud prevention and detection tools can become part of your growth strategy.

  • White paper: Improving fraud detection by increasing identity layers
    Document Published Date: Published Mar 19, 2021

    The pandemic led financial institutions and fintechs to lean on digital services - an evolution that coincided with unprecedented levels of fraud.

    In a new report, in partnership with One World Identity, we explore how digital identity and technologies like machine learning, AI, and biometrics can be the key to addressing fraud attacks and other benefits. Learn more in this white paper.

Experian and the Experian marks used herein are service marks or registered trademarks of Experian Informations Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.