The Covid-19 pandemic has meant a sea change in the way we live, work, play, spend, save and borrow. What has that meant for lenders and consumers? How has it changed fraud threats and trends, including fraud protection?
The pandemic has accelerated demand for digital and online customer experiences. To keep pace, businesses have rapidly transformed their operations to accommodate new digital services and onboarding capabilities, while fulfilling consumer expectations for fast, easy, and secure interactions.
However, the rapid rise in digital activity has created new opportunities for fraudsters, exposing businesses and consumers to increased risks of fraud, identity theft and data breaches. In this blog, we’ll look at the different types of fraud and the latest fraud trends and insights.