Fraud increased 30 percent overall in Q3 2019 and bot-driven account registration fraud is up 70 percent as cybercriminals test stolen credentials in advance of the holiday retail season.
According to a Federal Trade Commission survey, 15.9 percent of respondents were victims of fraud in 2017, which represents approximately 40 million U.S. adults.
U.S. retail fraud grew significantly during the past year for businesses of all sizes, with fraudsters adding small business targets, which typically utilize less anti-fraud solutions than mid-to-large sized merchants.
New data from Jumio reveals that online ID fraud attempts on government-issued IDs increased 22 percent worldwide during the 2018 Black Friday to Cyber Monday period compared to the non-holiday full-year average.
The rate of voice fraud climbed 350%+ from 2013-17 with no signs of slowing; voice fraud also increased by 47% between 2016-17, or one in every 638 calls.
