Reports & Whitepapers: Landscape

Identity Fraud Report 2020

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13 | This year, the proportion of 'easy' fraud has grown from 57% in 2019's Fraud Report, 3 to almost 70%. But that doesn't mean that fraudsters are getting careless, or that businesses can afford to take their eye off the ball. There are a few reasons that 'easy' ID fraud has increased. One is that we've slightly adjusted our own categories to match the rising levels of fraud sophistication in the market. What was once considered 'medium', like detecting the wrong printing color profile on a document, would now be categorized as easy. Essentially, hard fraud is getting harder. That's set the bar higher elsewhere, too. This adjustment means there's now a greater volume going into the 'easy' fraud bucket, and it's more sophisticated than before. Trends Fraudsters are choosing both quality and quantity Easy Where document elements are clearly wrong—for example an obviously wrong font, or where the photo has been clearly attacked. Medium Less obvious errors, such as using fonts that are less visibly incorrect, a photo printed using the wrong technique, or imitated security features. Hard Cases which would only be detectable with enhanced knowledge of document manufacturing, security features, printing, and deliberate mistakes. 3. Source: onfido.com/resources/home/fraud-index-2019 Easy Easy Medium Medium 57% 42% 29.87% 69.84% 2019 2020 Hard 1% Hard 0.3% Fraud sophistication

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