Identity fraud has risen 44% since 2019. Consumers and businesses alike have moved rapidly online over the last few years, and fraudsters have followed suit. Put simply, more online activity means more opportunities for fraudsters.
But as we head into 2022, which fraud trends are here to stay, and have any new ones emerged?
This report examines the fraudulent trends and techniques that have emerged over the last year, as well as best practices your business can put in place to prevent them.
Key fraud trends from 2021
Average ID fraud rates hit 5.9% in 2021
ID fraud is yet to return to pre-pandemic levels, up 44% since 2019.
Fraudsters continue to target crypto platforms
As the price of crypto rises, so does the number of fraudulent attacks.
Medium fraud has risen by 57%
Driven by organized criminals who favor duplication techniques.