Fraudsters are constantly evolving, adapting to new technologies and market conditions. Staying one step ahead of fraud requires understanding the latest trends- and what to do about them. Watch our TransUnion Live on LinkedIn roundtable discussion featuring participants’ recommendations for implementing smarter, more effective fraud prevention strategies that build consumer trust. They take into account findings from TransUnion’s 2023 State of Omnichannel Fraud Report, including:
- Growth in digital transactions is driving fraud risk exposure: 4.6 percent of global digital transactions were potentially fraudulent in 2022
- Stolen identifiers are being weaponized to commit increasingly sophisticated fraud: 83 percent increase in publicly reported data breaches in the US from 2020 to 2022
- Fraudsters are using every available digital channel to access consumer accounts: 62 percent of high-risk phone calls into US call centers were from non-fixed VoIP phone lines in 2022
