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REPORT

Shufti Identity Fraud Report 2022

The Shufti’s Annual Fraud Report 2022 – Highlighting the challenges and trends from the world of identity – is published globally.

To help companies take effective steps to fight identity fraud and financial crimes, Shufti’s compliance experts have examined proprietary data to understand how fraudsters behaved, the techniques they have used, and what sort of attack patterns have emerged over the last year. This Fraud report collates those findings to help global businesses stay one step ahead of fraudsters in 2023 and beyond

What You’ll Find Inside the Report?

Alarming Fraud Types and Industrial Trends

New Manipulation Techniques

Recommendations to Remain Safe in 2023

Fool-Proof Fraud Detection Practices for Businesses

Use 2FA with Liveness

Enable 2FA to add an extra layer of protection whenever a user attempts to sign in from a new device, location, and IP address. This ensures that the user signs in to their own account with legit credentials

Monitoring Accounts

Keep a close look at your company’s official bank accounts and always report anything suspicious to the bank or regulatory authorities without any delays

Detect Account Duplication

Integrate identity verification solutions with rigid KYC checks that prevent criminals from re-using the information for onboarding