Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Attempted ID Fraud Increased 22 Percent Worldwide During 2018 Black Friday/Cyber Monday Stretch

Jumio’s Holiday ID Fraud Report Indicates That ID Fraud Attempts Worldwide More Than Doubled Since 2014

New data from Jumio, the leading AI-powered trusted identity as a service provider, reveals that online ID fraud attempts on government-issued IDs increased 22 percent worldwide during the 2018 Black Friday to Cyber Monday period compared to the non-holiday average. Surprisingly, attempted ID fraud perpetrated during the online identity verification stage, involving passports, driver’s licenses or ID cards, hit a five-year high, increasing 109 percent in 2018 from 2014.

In the second edition of Jumio’s Holiday ID Fraud Report, attempted fraud is defined as an attempt by an individual to create a new online account by manipulating a government-issued ID. The company compared ID fraud patterns from millions of ID verification transactions between 2014 and 2018 across various industries, focusing on the period between Black Friday and Cyber Monday, including the day before and the day after this timeframe. Jumio also compared the rate of fraud during this holiday period to the average for the rest of the year to develop its findings.

Read More:  JumpStart 2019: The Future of Advertising and How to Go Big in 2019

“2018 witnessed the largest increase in attempted ID fraud in five years and this highlights why organizations need to use more sophisticated digital identity verification solutions to take extra precaution during the online account opening process, especially during the holidays,” said Philipp Pointner, Chief Product Officer at Jumio. “In today’s digital economy, it is imperative that organizations verify that a person’s digital identity matches their physical identity when creating online accounts to mitigate fraud risk, account takeovers and protect their customers and ecosystems.”

Related Posts
1 of 9,959

Read More:  Interview with Megan Kvamme, CEO at FactGem

Jumio is the global leader in online identity verification, processing nearly 300,000 verifications per day and more than 150 million identities issued by over 200 countries and territories from real-time web and mobile transactions to-date. The Holiday ID Fraud Report draws on this experience to determine if the spike in seasonal fraud, normally associated with retail and e-commerce, is also evident in non-retail sectors.

Additional findings:

  • Cryptocurrency saw an attempted ID fraud rate increase of 40.3 percent, online services a 28.7 percent increase and a 9.69 percent increase for financial services in 2018.
  • In 2018, ID fraud rates were highest in India (4.30 percent), China (1.54 percent) and Italy (1.52 percent).
  • In 2018, fraud using IDs from the UK was 8.36 percent higher than from U.S. IDs.
  • In 2018, online g******* had the highest rate of attempted ID fraud at 3.45 percent, a significantly higher rate than the 1.72 percent global average. Moreover, seasonal fraud in online g******* has tripled since 2014.

Read More:  Interview with Martins Liberts, Co-Founder at Debitum Network

11 Comments
  1. Recycled iron products says

    Scrap metal reclaim Ferrous metal industry trends Iron scrap waste management

    Ferrous material handling, Scrap iron repurposing, Metal recycling supply

  2. Copper fitting recycling says

    Copper scrap shipping Copper wire rod recycling Regulatory compliance in metal recycling
    Cable scrap recycling, Environmental compliance in metal recycling, Copper scrap occupational safety

  3. medicamentos precio en Costa de Marfil Zentiva Limoges Raadpleeg een arts voor een recept van medicijnen in Haarlem, Nederland

  4. Encontrar medicamentos genéricos 1a pharma Sarnen medicijnen verkrijgbaar in de
    apotheek

  5. precio del medicamentos en una farmacia en Argentina Silom Medical Alès Medikamente
    ohne ärztliche Verschreibung kaufen

  6. Medikamente in München ohne Rezept kaufen Galena Albisola Marina compra de medicamentos en Bolivia

  7. Obtenez une consultation médicale en ligne pour votre médicaments Tiefenbacher Monte
    Chingolo medicijnen bestellen zonder gedoe

  8. Howdy! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog
    to rank for some targeted keywords but I’m not seeing very good
    success. If you know of any please share. Appreciate it!

  9. ерлердің жыныс мүшелері аурулары, жыныс
    мүшелерінің ісік аурулары тамақ өнімдерін тауарлық зерттеу,
    тағам өнімдерін тауарлық зерттеу шины уральск, шины уральск олх ауызша әдіс, оқыту әдістері
    мен тәсілдері

  10. актобе карта яндекс, яндекс карта актобе спутник фк жетысу, фк жетысу
    инстаграм погода в сочи на месяц синоптик, погода в сочи на
    14 дней екі моторлы қайық екі айлақтан

  11. подработка иркутск свердловский
    район работа на дому в нижнем новгороде инвалиду подработка
    для женщин краснодарский край русские биржи фриланса бесплатно

Leave A Reply

Your email address will not be published.