Welcome to this year’s edition of Onfido’s annual Identity Fraud Report. Every year we examine our proprietary data to identify emerging fraud trends, patterns, and techniques to help businesses keep fraudsters out from day one.
As an identity verification provider, we have a unique insight into how fraudsters target an integral part of
the customer journey — onboarding. This first moment of interaction, combined with the know-your-customer (KYC) process, is a business’s primary opportunity for detecting and preventing fraud and financial crime.
Identity verification helps to do this through a series
of checks, including document verification, biometric
verification, data validation, and fraud detection signals. It’s by analyzing the fraudulent attempts we see across these checks that we can build a better picture of general identity fraud trends.
Views: 1
