Seamless and automated age checks

1. Fraud: The $5 Trillion Industry No One Wants to Be Part Of

Fraud costs the global economy a staggering

$5 trillion

every year, affecting businesses, consumers, and governments across all sectors. (Source:

Association of Certified Fraud Examiners (ACFE)

)

2. 1 in 4 People Will Get Scammed... And 3 Out of 4 Won't Be Happy About It

Globally,

1 in 4 people

will fall victim to a scam in their lifetime. Fraud is a widespread issue, and preventing it is essential for protecting personal and business assets. (Source:

Federal Trade Commission - FTC

)

3. 91% of Data Breaches Start with Identity Theft

A staggering

91%

of data breaches are linked to identity theft, making it one of the leading causes of security failures in organizations. (Source:

FBI Internet Crime Report

)

4. Identity Theft Costs $16.9 Billion a Year—That’s Like Everyone Buying a Ferrari (and Then Losing It)

Identity theft costs U.S. consumers

$16.9 billion

annually, and the financial impact of these crimes is felt by millions of victims each year. (Source:

Federal Trade Commission (FTC)

)

5. 40% of Online Businesses Report Fraud—That’s a Lot of Fake Accounts!

Fraud is rampant in the online business world, with

40%

of companies reporting fraud attempts. Fake accounts, payment fraud, and chargebacks are major concerns for digital businesses. (Source:

Cybersecurity & Infrastructure Security Agency (CISA)

)

6. Crypto Fraud: $2.8 Billion Lost in 2022—That’s Enough to Buy a Small Country!

Cryptocurrency fraud saw

$2.8 billion

in losses in 2022, with scams ranging from Ponzi schemes to fake initial coin offerings (ICOs). (Source:

Chainalysis 2022 Crypto Crime Report

)

7. Phishing Scams: The Scam You Can't See Coming—But We Can Smell It From a Mile Away

Phishing scams account for a significant portion of cybercrime, and these attacks trick victims into revealing personal information.

$1.8 billion

in losses are attributed to phishing each year. (Source:

Anti-Phishing Working Group (APWG)

)

8. "1 in 10 People Get Scammed Online—Let’s Make Sure You're Not One of Them"

1 in 10 people

globally will fall for an online scam at some point, from fake job offers to fraudulent shopping sites. (Source:

Consumer Protection Agency

)

9. "Credit Card Fraud: The Sneaky Thief That Steals 47% of the Fraud Party"

Credit card fraud represents

47%

of all fraud cases worldwide, leading to billions of dollars in losses annually. (Source:

Nilson Report

)

10. "1.4 Million Cases of Identity Theft—That’s a Whole Lot of Fake You!"

Each year,

1.4 million

identity theft cases are reported in the U.S., contributing to the growing concern over digital security. (Source:

Federal Trade Commission (FTC)

)