Onfido, "Identity Fraud Report 2020" (December 7, 2020)
Summary
A web page for Onfido's "Identity Fraud Report 2020", dated December 7, 2020. It states that fraud already costs the global economy $5 trillion a year and that the report analyzes data from the company's roster of global clients to understand where current and future risk lies. Its report highlights state that identity fraud is on the rise, that fraud is getting harder to catch, with 'replay' and Deep Fake attacks being attempted against biometric defenses, and that the fight against identity fraud has got harder for businesses. The page also lists links to other Onfido content.
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“Onfido, ‘Identity Fraud Report 2020’ (December 7, 2020).”
Original at onfido.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/onfido-identity-fraud-report-2020-december-7-2020-2e8896c8ed/
, SHA-256 bf3d280e2aba9d4ff443ca457e939cd8a879c284d143048d06607deb6911c925.Full text
Home » Reports & Whitepapers » Identity Fraud Report 2020 × Share this Presentation × Read the whitepaper Thank you! Error - something went wrong! Identity Fraud Report 2020 December 7, 2020 - Share this Flipbook It’s been a bumpy year for businesses. The pandemic has meant that most (if not all) have had to change their plans for everything from staffing to strategy. For some, it’s opened up new business opportunities. For others, it’s exposed existential threats. One of those threats is now greater than ever before. Fraud already costs the global economy $5 trillion a year. This year, that’s increased again. In this report, we analyze data from our roster of global clients to understand where current and future risk lies. As document and biometric fraud specialists, we verify the identities of millions of users every year and have a unique perspective on developing trends. Read Onfido’s Fraud Report 2020 to get best practice advice on how to tackle the latest fraud trends and techniques. Report highlights: - Identity fraud is on the rise . Findings show that the fraud rate has steadily increased over the past year. This is a result of the pandemic - rates spiked during the first lockdown, and have stayed up ever since - and also by a new wave of ‘unprofessional’ and opportunistic fraudsters entering the marketplace, who are taking advantage of the disruption to perpetrate attacks. - Fraud is getting harder to catch . The bar for what constitutes ‘easy’ fraud is getting higher. We found that fraudsters are becoming increasingly creative, with sophisticated ‘replay’ and Deep Fake attacks being attempted against biometric defenses. - For businesses, the fight against identity fraud has got harder . Without the right approach in place, they’ll struggle to keep pace with both high quality and high volumes of attacks. Previous Article Guide to the Identity Landscape Learn how to navigate the digital identity landscape with this guide to different solutions and common use ... Next Flipbook Customer Attitudes to Digital Identity Find out how to optimize your approach to digital identity in a way that best meets your customers’ needs, ... Other content in this Stream Building AI without bias Discover how we define, measure, and mitigate biometric bias, and learn how we've executed bias mitigation in our next-generation biometric solution, Onfido Motion. Read More Identity Fraud Report 2022 View the latest fraud trends, techniques and prevention tips. Read More The Total Economic Impact™ of Onfido Forrester Consulting have quantified the real business benefits delivered by Onfido in this Total Economic Impact™ study. Read More The Gaming Operator's Guide to Identity A deep-dive into some of the main challenges gaming operators are facing and what they should look for in an identity verification solution. Read More Customer insights: Digital by default Okta and Onfido surveyed 5,000 people across the US, UK, France, Germany and the Netherlands to see how customers feel about digital services and the way their digital identity is managed. Read More Balancing fraud prevention with customer experience To see how banks are balancing fraud prevention and customer experience, Arizent and American Banker surveyed 200 management-level bank employees. Read More Guide to the Identity Landscape Learn how to navigate the digital identity landscape with this guide to different solutions and common use cases. Read More Customer Attitudes to Digital Identity Find out how to optimize your approach to digital identity in a way that best meets your customers’ needs, based on research we collated for this report. 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Read More Guide to the Identity Landscape Learn how to navigate the digital identity landscape with this guide to different solutions and common use cases. Read More The identity experience: how identity creates great UX Learn where identity verification fits into your user experience, and how you can optimize it to give you, and your customers, the best results. Read More Fraud Insight Report: Q2 2020 Get our insights into document fraud trends and metrics for Q2 2020. Read More Raconteur: Future of Authentication Learn what you can expect from the future of authentication, and what impact the current remote climate has had in creating change. Read More A guide to digital identity verification: the technology and trends Learn about the modern approaches to identity verification and what you should consider when analysing the various options you have as a business. Read More Are you using the best approach to verify customer identities? Learn how Onfido’s identity verification technology can help you verify your users’ identities with confidence. Read More Friendly Friction - The guide to optimizing onboarding Learn why you need friendly friction, how to tailor onboarding according to your risk-based approach, and the key features you can utilise to improve your UX. Read More Global Fraud Index 2019 Dive into the latest fraud trends and get everything you need to know to tackle identity fraud in 2019 and beyond. Read More Return to Home
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Cited in: Onfido / Entrust