The Changing Landscape of Identity Fraud

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The Changing Landscape of Identity Fraud

After years of record-high fraud rates, 2018 saw the cost of fraud and the number of victims decrease for the first time in three years. According to Javelin Strategy & Research’s 2019 Identity Fraud Study, the total amount of identity fraud in 2018 amounted to $14.7BB and impacted 14.4MM adults in the U.S. — more than 5% of the total population.

While decreasing levels of fraud might bring some relief, GIACT found a more complicated picture: fraud is evolving and migrating; identity fraud has entered a new phase.

Topics covered:

  • Latest fraud tactics and targets, including new account fraud (NAF) and attacks on loan origination
  • Fraud’s alarming migration to less conventional targets
  • Strategies to counter today’s evolving fraud tactics