Infographics

The true cost of account recovery

Issue link: https://onfido.com/resources/i/1146658

Contents of this Issue

Navigation

Page 0 of 0

2.3 billion account credentials were leaked in 2017 Every dollar of fraud costs organizations over 2 ½ times more than the actual loss itself. 91% of all login traffic to retail sites is fraudulent Account takeover rose 45% between 2017-18 Costs US companies $5.8 billion per year 20-50% of all helpdesk calls are for password resets The average cost to reset a password is $70 The True Cost of Account Recovery ...or 1 each for nearly 30% of the world's population Account takeover attacks are on the rise And the cost to businesses isn't just what is stolen Our identity document verification solutions empower users to prove ownership of their account without needing to speak to a helpdesk. https://www.mytotalretail.com/article/whats-trending-in-online-fraud/ https://www.prnewswire.com/news-releases/us-businesses-spend-266-to-combat-every-dollar-of-fraud -lexisnexis-2017-true-cost-of-fraud-nds-300514841.html http://info.shapesecurity.com/rs/935-ZAM-778/images/Shape_Credential_Spill_Report_2018.pdf https://www.slideshare.net/ExperianDA/account-takeover-fraud-trends https://www.okta.com/resources/whitepaper/enable-self-service-password-resets/ Sources: 1 2 3 4 5 $70 $70 Password Reset Password Reset +45% 2019 2020

Articles in this issue

Links on this page

view archives of Infographics - The true cost of account recovery