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In this infographic, we illustrate how businesses can help prevent online fraud schemes without impacting their customers' experience.
But first, service providers, lenders and the government must understand how fraud schemes are impacting them. For example:
- Since 2018, new account fraud for credit cards has jumped 88%
- 36% of people with good credit are having their information manipulated for synthetic identities
Businesses can protect themselves against these increasingly sophisticated schemes by understanding the pain points in the consumer lifecycle.
Learn more about these vulnerabilities and the solutions that mitigate fraud while reducing consumer friction.