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 Fraud Types and Industrial Trends

New Manipulation Techniques

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 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

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

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

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

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

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

Shufti Pro Identity Fraud Report 2022

What You’ll Find Inside the Report?

Fool-Proof Fraud Detection Practices for Businesses

Use 2FA with Liveness

Monitoring Accounts

Detect Account Duplication

Why Choose Shufti?

KYC & AML IN THE MENA Region White Paper 2023

Shufti Pro’s iGaming White Paper 2023

Shufti Pro Identity Fraud Report 2022

Shufti Pro Fraud Report 2021

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

Shufti Pro Completes 4 Years of Fighting ID Fraud

On-premises Identity Verification for the Banking Sector

Shrinking the Space for Travel Industry Scams with Biometric Verification

Global Gambling Compliance: Regulations, Age Checks & Financial Safety

A comprehensive guide to KYC and AML compliance in Canada

NFC Verification: Not Cutting Any Corners With Remote ID Authentication

Digital COVID Pass for PCR Test Verification

Global Identity Fraud Report 2020

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

Enhanced AI – Augmenting Identity Verification with Artificial Intelligence

A comprehensive guide to KYC and AML compliance in the UK

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

Banking on Biometrics: The Future of Customer Authentication

Fully Embracing Digital Transformation with Automated AI OCR Engine

Rising trend of KYC/AML compliance in GCC countries

Video Interview KYC – Efficient & Secure Customer Onboarding

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

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

How Automation will Improve Operational Efficiency in the Healthcare Industry

Automated ID Verification System to Tackle Telecom Frauds

Launching an ICO? Learn Why KYC and AML Compliance Matters

Fintech customer onboarding through video KYC

Impact of Regulatory Changes in the Financial Sector

New Account Fraud- A new breed of scams

Tackling fraud while giving a seamless experience to the players

How businesses can prevent fraud during COVID-19

Need for Online Age Verification to Protect Minors

Biometric Technologies Reshaping Identity Verification