LexisNexis Risk Solutions Reveals the State of Fraud in the United States and Canada Amid COVID-19 Pandemic
ATLANTA, Feb. 5, 2021 /PRNewswire/ LexisNexis® Risk Solutions unveiled findings on the current State of Fraud, detailing key fraud trends occurring in 2020 for organizations in the United States and Canada while also looking ahead at what to expect in 2021. LexisNexis Risk Solutions compiled these findings from a review of multiple studies it conducted in 2020. The consolidation of the report findings uncovers a perfect storm of trends that have impacted fraud throughout the past year and those that may linger into the new year.
The COVID-19 pandemic caused 2020 to be a year of unique circumstances and disruption to the global economy. One thing that has stayed the same is fraudsters willpower to gain access to money and confidential information. While many believe that fraud victims are mostly the technologically naïve, 2020 validated that anyone can be a victim. L
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In 2020, the world changed overnight in response to the COVID-19 pandemic. As more organisations adopted and accelerated digital strategies – and with most of us relying on the internet to go about our everyday life – cybercriminals were presented with a huge range of new opportunities to exploit. This year will be no different. […]
News
Global fraud is on the rise, with the US leading in fraud attempts, Veriff finds Tuesday 22 December 2020 08:14 CET | News
The 2020 Fraud Report by Veriff has revealed the US experienced more fraud attempts than anywhere else in the world, with increased fraud attempts as a result of the COVID-19 pandemic in the fintech, mobility and crypto sectors.
Veriff analysed millions of verification data points from its global customer base across 190 countries to determine common types of fraud by region and industry. As fraud rates increased this year, this data underscores that traditional methods of identity verification, such as social security numbers, have created a false sense of comfort.