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The State of Identity Verification in 2023

New research on how threats, solutions and businesses are evolving

The State of Identity Verification in 2023
id verification banner identity verification service

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.

Identity fraud caused an on average of $300,000 in damage for enterprises in 2022
The latest trends and practices in the identity verification landscape

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.

 

Find out more in the Regula report

The State of Identity Verification in 2023
id verification banner identity verification service
The increase of spendings on identity verification

of organizations worldwide intend to increase their spendings on identity verification in the next 3 years

The number of identity fraud incidents affected enterprises on average in 2022

identity fraud incidents on average affected enterprises in 2022

The number of banks reported experiencing over 100 identity fraud incidents in 2022

banks reported experiencing over 100 identity fraud incidents in 2022

The cost of identity fraud incidents for banks

was the cost of identity fraud incidents for banking organizations in 2022

Deepfake video fraud is a real threat

of leaders believe deepfake video fraud poses a real threat to their businesses

The number of finance and technology businesses dealing with more verification cases involving foreign documents

of finance and technology businesses are now dealing with more verification cases involving foreign documents

The Cost of Identity Fraud to Financial Services

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.

Learn about identity threats and solutions

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