Our 2023 report shares the insights our expert team has discovered on the front line of fighting fraud — giving you the tools to protect both your business and your customers. Download it today to find out more!
“Due to various factors such as the digitalization of the economy as a result of the COVID-19 pandemic and growing geo-political tensions, identity fraud and especially identity farming related incidents have increased,” said Munna Poddar, Senior Product Manager at Veriff. “As fraud rates continue to rise, having a pulse on the current state of global fraud across industries and regions is essential to Veriff’s mission of fostering trust online. It’s clear that implementing strong identity verification (IDV) technology remains critical to minimizing fraud across all sectors.
The report findings present a clear image of what businesses see and experience across industries; criminals are employing new and more sophisticated techniques to gain access to information. As a result, more organizations are looking for solutions to help better protect them and their customers from fraudulent activity. At Veriff, protection is built on trust. Veriff empowers organizations to build trust with their customers through intelligent, accurate, and automated online IDV. Its identity verification platform can analyze more than 11,000 variations of government-issued IDs from over 190 countries in 47 different languages via machine learning and its intelligent decision engine. Veriff tackles fraud from multiple angles to ensure that fraudsters are caught both in the moment and in recurring attacks and organized fraud rings.
If you’re interested in taking a more in-depth look at fraud trends from 2022, as well as have a better understanding of the global state of fraud, download Veriff’s 2023 Identity Fraud Report here.