Tip Sheet
Published February 21, 2025
Fraud Management Identity Workforce Management
Recent statistics reveal a direct connection between employee identity theft and business vulnerabilities. Compromised employee credentials can be a common entry point for fraudsters and putting your organization’s cybersecurity at risk.
- Up to 80% of cyberattacks leverage identity-based attack methods, and many breaches stem from phishing attacks targeting employee login details
- The average cost of a data breach was $4.88 million in 2024, the highest average on record.
- Cyberattacks are becoming more common, striking 4,000 times per day.
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Video
Terrace Finance Testimonial Video
Behavioral analytics enables Terrace Finance to stop advanced fraud threats and prevent losses from reaching their partners.
Hear directly from Andy Hopkins, CEO of Terrace Finance:
- Why fraud prevention is a crucial investment area for Terrace Finance
- How behavioral analytics helps Terrace protect its lending partners from evolving fraud attacks
- Hopkins’ advice for other leaders looking to invest in fraud prevention
Case Study
Terrace Finance Behavioral Analytics
Terrace Finance sought out a solution to stay ahead of evolving fraud attacks. They landed on NeuroID’s behavioral analytics — and gained immediate, pre-submit visibility that upgraded their fraud prevention strategy.
Key Results:
- 50+ reduction in manual reviews
- Reduced fraud for lending partners by over 50%
- $250K in potential losses prevented in a single attack
Report
The Future of Underwriting: A Vision for 2030
Experian surveyed product, fraud and credit risk leaders across 10 countries to understand where underwriting is headed. The takeaway is clear: it’s evolving to be frictionless, embedded and nearly instant.
In this report, you’ll discover:
- How credit underwriting is expected to evolve by 2030
- The primary forces driving these changes
- Key takeaways to help your business lead into the next decade