Posted by Brian Kindle - 10/30/2024
The Fraud Fix: Stopping Online Fraudsters in Their Tracks
By nearly all metrics, online fraud threats like account takeover and synthetic identities have surged in recent years, with double-digit increases in both attack rates and losses.
With the increased sophistication of the fraudsters behind these risks, and the growing role of transnational organized crime rings in the fraud space, businesses and organizations are challenged with keeping up with the latest trends in online fraud and strategies for countering them.
In this edition of the Financial CrimeCast, ACFCS speaks with Sarah Purcell, Product Specialist with Thomson Reuters, as she brings a cross-industry perspective to explaining some of the top fraud trends of 2024.
Sarah gives insights on challenges that institutions are facing in account takeover attacks and fraudulent account openings, how to overcome these threats with enhanced data verification and behavior/device analytics, and a look ahead to some of the trends and issues likely to shape the fraud landscape in the coming year.
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