Trending cybercrimes and the big impact of lesser-known breaches
Sontiq released the Mid-Year 2021 Cybercrime Report, which highlights five key trends and the 2021 data breaches that pose the highest level of risk to victims. Companies are …
identity theft
Consumer attitudes towards various digital identity authentication methods
With concerns around online fraud and identity theft rising, consumers expect businesses to utilize new technologies to protect them online. According to research from …
Online brands prioritizing speed over security
Consumers around the world fear that businesses are now compromising online security in their efforts to deliver seamless digital experiences. According to a research released …
Identity crime victims struggling with financial, emotional and physical impacts
Nearly 30 percent of people who contact the Identity Theft Resource Center (ITRC) are victims of more than one identity crime. Their latest study covers the 36 months from …
Consumers ID theft concerns only growing
A Benenson Strategy Group study surveyed over 700 adults on their concerns about ID theft and cybercrime, the type of help they feel they would need to address those concerns, …
The importance of a zero trust-based approach to identity security
97 percent of senior security executives say attackers are increasingly trying to steal one or more types of credentials, a CyberArk survey reveals. As organizations move …
Total combined fraud losses climbed to $56 billion in 2020
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 …
How to stay ahead of the rise of synthetic fraud
While banks have been successful in reducing card fraud in recent years, a new and rising threat has emerged: synthetic identity fraud. By combining real and falsified …
The cost of synthetic fraud to reach new highs
A TransUnion research finds instances of synthetic fraud and outstanding balances for suspected synthetic accounts at U.S. financial institutions have declined significantly …
Working together to suppress complex and organized fraud
As the entire world has learned throughout 2020, effective suppression of the COVID-19 pandemic requires concerted responses and coordinated action. Medical professionals must …
Worldwide new account fraud declined 23.2% in 2020
New account fraud based on ID verification declined 23.2% worldwide YOY in 2020, compared to 2019 results, according to Jumio. At the same time, selfie-based fraud rates were …
Unsophisticated fraud attacks increase, first-time fraudsters more prevalent
The risk of identity fraud has increased significantly with attacks occurring more frequently since the start of the pandemic, Onfido reveals. Over the past 12 months, the …
