COVID-19 has significantly accelerated the adoption of digital technologies across industries. Be it digital account opening, mobile banking, multiplayer gaming, e-commerce, or mobile payments—the pandemic has forced organizations and consumers to go digital.
The explosive growth in digital engagement has also led to an undesirable outcome: a sharp increase in cyber fraud. Scamsters are increasingly prying on unsuspecting first-time digital users. Identity fraud—derived on the back of credentials stolen through a massive number of phishing attacks—has gone up significantly compared to previous years. SIM swaps and account takeovers are now more common than ever before.
Here are some telling numbers on cyber fraud seen rising since the onset of COVID-19.
Get in touch with us!
Keep reading
Last week, almost 200 fraud, risk, and identity professionals gathered in Charlotte to deliver a collective knockout punch to fraud. And from all accounts, the punch landed.
Global Leader in Identity Verification and Authentication Demonstrates Substantial Impact, Enabling Enterprise Customers to Generate $2 Billion in Revenue
Prove’s solutions can help businesses make their online customer experiences faster, easier and more secure.
Trusted by 1,000+ leading companies to reduce fraud and improve consumer experiences, Prove is the world’s most accurate identity verification and authentication platform.
