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Financial and Professional
Services have been the
hardest hit
Financial Services have been most impacted
by identity fraud this year, followed closely by
Professional Services.
The correlation isn't surprising; industries that fall under
Professional Services, like Legal and Investment, are in
close proximity to the financial ecosystem. When fraud
increases for one, we can expect to see it rise for the
other. Financial services are always at high risk of identity
fraud, but suspicious behavior is harder to spot now –
spending habits have changed dramatically, even among
legitimate users. With so much volatility in the market,
businesses across all industries need to be extra-vigilant.
Trends
Financial Services
Number of reports
Travel
Healthcare
Retail
Telecommunications
Gaming & Gambling
Government
20,000,000 30,000,000 10,000,000 0
Professional Services
Suspected fraud rate by verticals
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