The pandemic has altered day-to-day life in countless ways, driving a digital shift in banking, commerce and countless other services. For the first time, eCommerce sales are expected to hit $1 trillion this year, a significant milestone that exemplifies the titanic role of the internet in the modern economy.
However, this increased online engagement has its downsides, particularly when it comes to digital fraud. Every onboarding, money transfer or sale is a potential entry point for criminals, many of whom leverage identity fraud techniques to dupe automated systems and steal funds or data.