Mary Ann Miller

AI tools can autonomously generate threat detection queries, sift through vast amounts of data, and pinpoint potential threats without manual intervention.

The Federal Trade Commission (FTC) received reports of a significant increase in SIM swap attacks in 2023, and Experian's 2024 scam forecast identified SIM swapping as one of the top threats, emphasizing the need for heightened awareness and preventive measures.

The COVID-19 pandemic not only changed the way we work and live, it also unleashed a wave of fraud unlike anything we've seen before.

As the world becomes more digital, it also becomes more anonymous. While some level of anonymity has its place, it can also facilitate malicious activities such as cyberbullying, identity theft, and the spread of misinformation.

Earlier this month, the U.S. Securities and Exchange Commission attributed a breach of its official account on X (formerly Twitter) to a SIM swap attack. On January 9, an unauthorized party gained control of the @SECGov account and posted an announcement that falsely claimed that the agency had approved the first-ever spot bitcoin exchange-traded funds (ETFs).

While the quest for love is truly one of the rich experiences of life, it has also become a prime channel for exploitation by fraudsters in the form of romance scams.

You can fortify them against attacks by making them stronger and more nimble, but just like with your physical well-being, there’s no magic pill. It will require some work but with a sensible plan, the right support, and a goal-driven mindset, you can most certainly make your organization fraud fit in 2024.

So for starters, let’s be clear – there’s a lot of fraud anticipated in 2024. Some of it will be performed in creative and complex ways.

Application fraud occurs when an applicant submits inaccurate information to a creditor, property manager, or any entity relying on personal data for customer approval.

Cryptocurrencies, originally hailed for their potential to revolutionize finance, have unfortunately become a breeding ground for a variety of scams.

With identity-related cyberattack types getting more innovative and fraudsters becoming increasingly brazen, the customer account opening process can deliver some nightmarish results.

Why Innovative Companies are Appointing Dedicated Executives for Customer Identity