COMMENTARY: Here Are the Key Factors Driving Digital Fraud in 2020
Over the last 24 months, organizations across the globe have experienced $42 billion in total fraud losses. An increasing number of businesses report higher losses related to fraudulent identities year over year, according to a report from Experian, from 51% in 2017 to 57% in 2019. Here are some of the underlying factors driving the increase in digital fraud.
To start with, fraud techniques and approaches are becoming more sophisticated and harder to stop.