Unveiling the Identity Fraud Landscape
How to Fortify your Identity Verification in 2024
Inflection Point
At a juncture where digital identity verification checks are estimated to soar past $70 billion in 2024 i.e., a 16% increase from 2023’s $61 billion, businesses are posed with a challenge of an ever-changing landscape of fraud.
This whitepaper dwells deep into the shapeshifting world of fraud and advises ways to tackle it by fortifying the identity verification.
Here are a few key insights that highlight the alarming state of events due to fraud
$23 billion
Loss estimated by 2030
40%
of US businesses battle video deep fake fraud
47%
of Enterprises Reported financial losses exceeding $300,000 due to identity fraud.
34%
expressed concerns about losing both current and potential clients.
Let’s discuss the challenges you are trying to win over in 2024
Get in touch with one of our identity experts to understand how we can reinforce your team in this endeavor
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