1、Identity Fraud Report 2024A comprehensive,data-driven report on identity fraud trends and prevention techniques from industry expertsDemocratization of fraud2Fraud has evolved into a complex,borderless threat.As businesses grow,fraudsters expand their reach,exploiting new vulnerabilities.What we cal

2、l the“democratization of fraud”with fraud-as-a-service platforms,AI tools,andmorehas made fraud more accessible,allowing even non-experts to scam companies out of millions.Our last Fraud Report was widely cited by top organizations like the UNODC,Statista,WSJ,Microsoft,and CNBC,highlighting the scal

3、e of this issue and informing global strategies.Thisnew report dives into emerging fraud trends,showing businesses how to stay ahead.Dividedinto two partsOffense,explaining fraud tactics,and Defense,covering prevention strategiesits designed to help companies see beyond traditional fraud defenses an

4、d prepare forthefuture.Please dont share the content of this report without giving us credit.Sum and Substance Ltd(UK),2024SUMSUBIDENTITY FRAUD REPORT 202423Identity fraud poses a growing threat to individuals and companies.As a full-cycle verification platform,we encounter identity fraud at various

5、 stages of the user journey every day.Thats why we created this report as the ultimate guide to navigating the identity fraud landscape,packed with all the essential information you need.With extensive data and insights from industry experts,we aim to equip you with the knowledgeneeded to safeguard

6、against identity fraud and strengthen your defenses.Stay informed and stay secure!Andrew SeverCEO at SumsubSUMSUBIDENTITY FRAUD REPORT 20243ContentsMethodology 05Key findings 07Offense:How fraud is committed 14Fraud landscape 15 Identity fraud rate dynamics 15 Current identity fraud landscape 19 Ide