The digital transformation that has taken place during the course of the pandemic has made consumers savvier than ever when transacting online. In fact, findings from Experian’s 2022 Global Identity and Fraud Report show that over half of consumers have increased online spending and transactions globally in the past three months. While they spend an increasing amount of time and money online, they are also more aware of the fraud risks that come with online transactions and have higher expectations for businesses to protect their information without hindering their online experience.