Changing Landscape of Identity Fraud: Fraudsters Strike Back

Overview

Fraud operators are increasingly using stolen, manipulated, and fabricated identities as the entry point for attacks against both consumers and businesses across the payments ecosystem.

GIACT sees increasing risks for businesses — including insurance companies — and policyholders as shifting fraud tactics and demand for real-time delivery create new challenges for the payments ecosystem.

Here’s what you’ll learn:

  • The rising cost of identity-based fraud and how carriers can protect policyholders and themselves with safe, secure and reliable transactions;
  • How fraudulent actors continue to exploit weaknesses in established identity proofing processes;
  • As fraud operators boost the efficacy of their attacks, consumers are finding themselves more at-risk than ever before.