Articles Tagged with ''holiday shopping''

identity theft, fraud prevention, cybersecurity, data theft

Global account fraud decreased 23% in 2020

Report also found that the catch rate for selfie fraud was five times greater than for ID fraud, highlighting the growing importance of capturing a selfie during onboarding to deter new account fraud
New data from Jumio reveals that new account fraud based on ID verification declined 23.2% worldwide YTD in 2020, compared to 2019 results. At the same time, selfie-based fraud rates were five times higher than ID-based fraud. This illustrates the growing number of stolen ID documents available on the dark web for purchase and, more importantly, the growing need to determine if an ID is authentic and belongs to the user.
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