quora Annual Fraud Report 2022 | Identity Fraud World’s Trends & Highlights
Report

Shufti Pro Identity Fraud Report 2022

The Shufti Pro’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 Pro’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

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    What You’ll Find Inside the Report?

    The unprecedented levels of global ID show no signs of slowing down. Our data analysis shows a year-over-year increase of 30% in document fraud from last year. The overall global fraud rate has increased year-over-year by 18%, from 13% in 2021 to 16% in 2022

    Our Annual Report Uncovers

    Alarming

    Alarming Fraud Types and Industrial Trends

    Manipulation

    New Manipulation Techniques

    Recommendations

    Recommendations to Remain Safe in 2023

    Fool-Proof Fraud Detection Practices for Businesses

    Users are the best line of defense against fraud. According to our analysis, here are some tips you can implement right away to reduce your chances of getting compromised

    Use 2FA

    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

    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

    Detect Account Duplication

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

    Why Choose Shufti?

    Global Coverage

    Available in over 230+ countries and territories, Shufti Pro envisioned playing a pivotal role in creating cyberspace where every transaction is verifiable and secure

    KYC verification

    Meet Compliance

    Utilising the power of technologies like ML, OCR, AI, and NLP, Shufti Pro strives to provide the best identity verification services to help businesses stay put with KYC & AML compliance

    99% accuracy

    Cost Effective

    Shufti Pro’s cost-effective solutions help businesses to prevent fraud and illicit crimes that can ruin the integrity and brand reputation of your business

    230+ countries

    Easy Integration

    With single API integration, Shufti Pro empowers you to verify customers with document checks from 3000+ ID templates and business entities from 200 million companies' data

    faster onboarding

    KYC/AML compliance

    Read our KYC Guides to learn more about KYC/AML compliance and how Shufti Pro can help

    Download KYC Guide

    KYC & AML IN THE MENA Region White Paper 2023

    KYC & AML IN THE MENA Region White Paper 2023

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    Shufti Pro’s iGaming White Paper 2023

    Shufti Pro’s iGaming White Paper 2023

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    Shufti Pro Identity Fraud Report 2022

    Shufti Pro Identity Fraud Report 2022

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    Shufti Pro Fraud Report 2021

    Shufti Pro Fraud Report 2021

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    Holiday Season – The Prime Time for ID Thieves and Financial Criminals

    Holiday Season – The Prime Time for ID Thieves and Financial Criminals

    View detail
    Shufti Pro Completes 4 Years of Fighting ID Fraud

    Shufti Pro Completes 4 Years of Fighting ID Fraud

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    On-premises Identity Verification for the Banking Sector

    On-premises Identity Verification for the Banking Sector

    View detail
    Shrinking the Space for Travel Industry Scams with Biometric Verification

    Shrinking the Space for Travel Industry Scams with Biometric Verification

    View detail
    Global Gambling Compliance: Regulations, Age Checks & Financial Safety

    Global Gambling Compliance: Regulations, Age Checks & Financial Safety

    View detail
    A comprehensive guide to KYC and AML compliance in Canada

    A comprehensive guide to KYC and AML compliance in Canada

    View detail
    NFC Verification: Not Cutting Any Corners With Remote ID Authentication

    NFC Verification: Not Cutting Any Corners With Remote ID Authentication

    View detail
    Digital COVID Pass for PCR Test Verification

    Digital COVID Pass for PCR Test Verification

    View detail
    Global Identity Fraud Report 2020

    Global Identity Fraud Report 2020

    View detail
    Know Your Patient – A 360° view of patient identification in healthcare

    Know Your Patient – A 360° view of patient identification in healthcare

    View detail
    Enhanced AI – Augmenting Identity Verification with Artificial Intelligence

    Enhanced AI – Augmenting Identity Verification with Artificial Intelligence

    View detail
    A comprehensive guide to KYC and AML compliance in the UK

    A comprehensive guide to KYC and AML compliance in the UK

    View detail
    Growing Frauds and Financial Crime in Insurance and the Role of Digital KYC

    Growing Frauds and Financial Crime in Insurance and the Role of Digital KYC

    View detail
    Banking on Biometrics: The Future of Customer Authentication

    Banking on Biometrics: The Future of Customer Authentication

    View detail
    Fully Embracing Digital Transformation with Automated AI OCR Engine

    Fully Embracing Digital Transformation with Automated AI OCR Engine

    View detail
    Rising trend of KYC/AML compliance in GCC countries

    Rising trend of KYC/AML compliance in GCC countries

    View detail
    Video Interview KYC – Efficient & Secure Customer Onboarding

    Video Interview KYC – Efficient & Secure Customer Onboarding

    View detail
    Need for Identity Verification To Deal With Money Laundering Threats in Real Estate Sector

    Need for Identity Verification To Deal With Money Laundering Threats in Real Estate Sector

    View detail
    Onboarding Remote Employees: How Identity Verification Can Reduce Risks in Hiring Process

    Onboarding Remote Employees: How Identity Verification Can Reduce Risks in Hiring Process

    View detail
    How Automation will Improve Operational Efficiency in the Healthcare Industry

    How Automation will Improve Operational Efficiency in the Healthcare Industry

    View detail
    Automated ID Verification System to Tackle Telecom Frauds

    Automated ID Verification System to Tackle Telecom Frauds

    View detail
    Launching an ICO? Learn Why KYC and AML Compliance Matters

    Launching an ICO? Learn Why KYC and AML Compliance Matters

    View detail
    Fintech customer onboarding through video KYC

    Fintech customer onboarding through video KYC

    View detail
    Impact of Regulatory Changes in the Financial Sector

    Impact of Regulatory Changes in the Financial Sector

    View detail
    New Account Fraud- A new breed of scams

    New Account Fraud- A new breed of scams

    View detail
    Tackling fraud while giving a seamless experience to the players

    Tackling fraud while giving a seamless experience to the players

    View detail
    How businesses can prevent fraud during COVID-19

    How businesses can prevent fraud during COVID-19

    View detail
    Need for Online Age Verification to Protect Minors

    Need for Online Age Verification to Protect Minors

    View detail
    Biometric Technologies Reshaping Identity Verification

    Biometric Technologies Reshaping Identity Verification

    View detail
    • mena-igaming-banner

      KYC & AML IN THE MENA Region White Paper 2023

      View Detail White Paper
    • igaming-banner-img

      Shufti Pro’s iGaming White Paper 2023

      View Detail White Paper
    • global-fraud-report

      Shufti Pro Identity Fraud Report 2022

      View Detail Report
    • Fraud Report Featured Image-01

      Shufti Pro Fraud Report 2021

      View Detail Report
    • holiday season

      Holiday Season – The Prime Time for ID Thieves and Financial Criminals

      View Detail Report
    • Shufti Pro Completes 4 Years of Fighting ID Fraud

      View Detail Report
    • On-premises Identity Verification for the Banking Sector

      View Detail Report
    • travel

      Shrinking the Space for Travel Industry Scams with Biometric Verification

      View Detail Report
    • new-resize

      Global Gambling Compliance: Regulations, Age Checks & Financial Safety

      View Detail White Paper
    • KYC Guide

      A comprehensive guide to KYC and AML compliance in Canada

      View Detail Product Guide
    • NFC-report

      NFC Verification: Not Cutting Any Corners With Remote ID Authentication

      View Detail Report
    • Digital COVID

      Digital COVID Pass for PCR Test Verification

      View Detail Report
    • Global Identity Fraud Report 2020 - Shufti Pro

      Global Identity Fraud Report 2020

      View Detail Report
    • Know-your-Patient

      Know Your Patient – A 360° view of patient identification in healthcare

      View Detail White Paper
    • image-report

      Enhanced AI – Augmenting Identity Verification with Artificial Intelligence

      View Detail Report
    • Kyc Guide Uk

      A comprehensive guide to KYC and AML compliance in the UK

      View Detail Product Guide
    • Insurance

      Growing Frauds and Financial Crime in Insurance and the Role of Digital KYC

      View Detail White Paper
    • Banking on Biometric

      Banking on Biometrics: The Future of Customer Authentication

      View Detail White Paper
    • ocr-img-whitepaper

      Fully Embracing Digital Transformation with Automated AI OCR Engine

      View Detail White Paper
    • GCC report

      Rising trend of KYC/AML compliance in GCC countries

      View Detail Report
    • video-kyc-product-guide

      Video Interview KYC – Efficient & Secure Customer Onboarding

      View Detail Product Guide
    • real estate

      Need for Identity Verification To Deal With Money Laundering Threats in Real Estate Sector

      View Detail White Paper
    • Remote-onboarding

      Onboarding Remote Employees: How Identity Verification Can Reduce Risks in Hiring Process

      View Detail White Paper
    • Whitepaper healthcare

      How Automation will Improve Operational Efficiency in the Healthcare Industry

      View Detail White Paper
    • Whitepaper telecom

      Automated ID Verification System to Tackle Telecom Frauds

      View Detail White Paper
    • whitepaper KYC-AML-compliance-for-ICOs

      Launching an ICO? Learn Why KYC and AML Compliance Matters

      View Detail White Paper
    • fintech-customer-video-KYC-img

      Fintech customer onboarding through video KYC

      View Detail White Paper
    • Impact-of-regulatory-changes

      Impact of Regulatory Changes in the Financial Sector

      View Detail Report
    • New account Fraud

      New Account Fraud- A new breed of scams

      View Detail Report
    • KYC-in-Gaming-Industry

      Tackling fraud while giving a seamless experience to the players

      View Detail White Paper
    • How Businesses can prevent fraud during COVID-19

      How businesses can prevent fraud during COVID-19

      View Detail White Paper
    • Need for online age verification to protect minors

      Need for Online Age Verification to Protect Minors

      View Detail White Paper
    • Biometrics for Identity Verification

      Biometric Technologies Reshaping Identity Verification

      View Detail White Paper