Identity theft has been ranked the number one reason for fraudulent transactions over the past two years. According to the recently released Javelin Strategy & Research Identity Fraud Study, identity theft losses in the U.S. alone have totaled $43 billion in 2022, and continue to rise on a global scale.
Entersekt’s Chief Product Officer, Pradheep Sampath, unpacks the two main contributing factors to identity theft and payer manipulation, as well as the fraud vectors that organizations must stay ahead of to keep fraudsters out.
Here is how you can protect your customers from digital fraud and identity theft.
