Around the world, identity fraud caused an average of $300,000 in damage for enterprises last year. The average cost of identity fraud for SMBs was around $200,000. This report presents new research to help decision-makers understand both the nature of today’s identity fraud landscape and the state of fraud prevention measures.
By analyzing the latest trends and practices in the identity verification landscape, the report aims to provide decision-makers with a clear understanding of the best practices and tools to implement robust identity verification measures. The goal is to enable decision-makers to allocate their resources effectively and efficiently, based on sound data and evidence, and ultimately make better-informed decisions to protect their businesses and customers from identity fraud.
of organizations worldwide intend to increase their spendings on identity verification in the next 3 years
identity fraud incidents on average affected enterprises in 2022
banks reported experiencing over 100 identity fraud incidents in 2022
was the cost of identity fraud incidents for banking organizations in 2022
of leaders believe deepfake video fraud poses a real threat to their businesses
of finance and technology businesses are now dealing with more verification cases involving foreign documents
Related materials
The Cost of Identity Fraud to Financial Services
Ihar Kliashchou, Chief Technology Officer at Regula, breaks down the results of the second phase of Regula’s global survey, focusing on the Banking and FinTech sectors.