Fraudsters are getting more creative, and as they identify new ways to operate, they are finding success with a broadening array of scams, attacks, and tactics. The continued evolution of fraud has paved the way for what is anticipated to be a dynamic and potentially unpredictable 2024.
About Fraud, the venerable outlet for fraud thought leadership, convened a panel of seasoned fraud experts that included Prove’s VP of Fraud, and Cybercrime Executive Advisor, Mary Ann Miller. The group, which also included Karisse Hendrick (CEO, Chargelytics Consulting) and Frank McKenna (FrankOnFraud.com and Founder of Point Predictive) discussed upcoming fraud trends and shared insights on what actions you need to take to stay ahead and prepared.
Below, we provide some highlights, which will help you start thinking through your 2024 fraud strategy. Watch the webinar replay for more insights.
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AI tools can autonomously generate threat detection queries, sift through vast amounts of data, and pinpoint potential threats without manual intervention.
Deepfakes, while not entirely new, have reached a level of sophistication that challenges businesses that are trying to deliver frictionless digital onboarding to their users.
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.
