Fraud and Identity Trends to Watch in 2023

7 Trends That Will Shape the Fraud and Identity Landscape in 2024

2024 Fraud and Identity Trends


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Top 7 Trends Shaping the Fraud and Identity Landscape in 2024

Fraud and Identity Trends to Watch in 2023
Fraud and identity professionals will have to juggle mounting challenges such as the impact of added regulatory pressure in many parts of the world, the persistent issue of synthetic identity fraud, the malicious use of artificial intelligence and the increasing interconnected and cross-border nature of fraud attacks.

Building trust and maintaining a positive customer experience will be paramount. With opportunities such as the increased adoption of behavioral biometrics to tackle complex fraud, the remarkable value of developing a 360-degree customer view and the vast potential of a collaborative approach to fighting fraud, organizations can take fraud prevention to new heights in 2024.

Download the infographic to get more insights about the market developments, fraud challenges and proactive measures that are most likely to impact operational budgets, customer experience and your fraud plans in the year ahead:

  1. Additional regulatory pressure will likely impact risk management costs
  2. Explosion of use of synthetic identities
  3. Increased use of artificial intelligence by criminals will require new risk mitigation tactics
  4. Increased use of behavioral intelligence to tackle complex fraud
  5. Fraud is increasingly coordinated across international borders
  6. Embracing a 360-degree customer view is becoming imperative to improve risk assessment
  7. Collaborative fraud fighting

Download the infographic for an overview of each trend likely to impact your fraud strategy and get the  LexisNexis® Risk Solutions Cybercrime Report  for deeper insights on today’s complex, industrialized fraud landscape and the benefits of embracing a coordinated, multi-layered response centered around customer trust and industry collaboration.

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