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Synthetic identity fraud is one of the fastest-growing crimes in the United States. After all, the latest statistics show that the net fraud rate is rising both in America and Europe. They also show us that America is now one of the five most fraudulent countries in the world. Synthetic identity theft occurs when someone uses a combination
AML and anti-fraud processes are vital for preventing criminal activity and ensuring regulatory compliance. These processes are particularly important because new trends in online fraud are emerging all the time. In this guide, we’ll cover everything you need to know about AML and anti-fraud, including what the processes involve, how they’re connected, and the methods businesses
Account takeover fraud (ATO) takes place when a fraudster uses somebody else’s credentials in order to gain access to their account. Once a fraudster has gained access to the user’s account, they can then monetize it by either transferring funds, making unauthorized purchases, or selling the verified account data to someone else. Account takeover fraud
Account takeover fraud (ATO) is one of the most common forms of identity theft. When executed effectively, the process can be incredibly damaging. As well as leading to financial losses, ATO can also cause reputational damage and can irreparably damage the relationship between a business and a customer. Sadly, even though account takeover fraud is
After living through a global pandemic, we’ve all learned that providing people with the right access to healthcare professionals, medications, and insurance providers is incredibly important. On top of this, the pandemic has shown that both patients and providers must feel comfortable, confident, and safe when handling healthcare matters online. This is particularly the case
As new states continue to come online and others begin to mature, the need for a regulatory-approved technology infrastructure that is compliant across multiple states has become more important. That said, how does technology have an impact on compliance, partnership, and business strategy for gaming providers and operators looking to expand? In what ways has
71% of survey respondents stated that they were afraid of being victim to a cybercrime while using the internet, with more than one in six being afraid of online banking scams. It’s easy to see why, as according to the UK’s National Fraud Intelligence Bureau’s Fraud and CyberCrime Dashboard which analysed reports over the past 12 months,
Between June 2020 and June 2021, instances of identity fraud increased by 19%. Due to this, it’s clear that identity fraud is a serious cause for concern and that businesses must have proper fraud and identity management processes in place to counter this growing threat. In this post, we’ll take a more detailed look at identity
It’s great to see more of these stories getting attention as they show that fraud has a serious impact on people’s lives, risking their finances, relationships, prospects and more. In our Q1 2022 fraud analysis, we saw that fraudulent activity has continued increasing from last year. Last year’s Q1 fraud report highlighted that 9.17% of
Discover everything you need to know about identity access management (IAM) in our handy guide. We’ll take a detailed look at what IAM is, the benefits it can provide for your business, and the best IAM tools available on the market today. We’ll also show you exactly how (and why) you should get started with Veriff. What
