Page 3 - Fraud Study News Today

/PRNewswire/ -- LexisNexis® Risk Solutions today released the inaugural edition of the True Cost of Fraud™ Study for Real Estate. The newest addition to the...

How exactly does fraud impact mortgage originators? A new study by LexisNexis Risk Solutions, titled True Cost of Fraud Study for Real Estate, investigated that exact question by surveying 360 risk and fraud executives in the industry to analyze current fraud trends in the United States mortgage originator, mortgage services and title/settlement markets. The study also identifies key pain points related to fraud detection, prevention, and customer experience.

/PRNewswire/ -- Berbix, an instant identity verification company founded by former Airbnb Trust and Safety team members, announced today the release of its new...

/PRNewswire/ -- Berbix, an instant identity verification company founded by former Airbnb Trust and Safety team members, announced today the release of its new...

Account takeover increased by 90% to an estimated $11.4 billion in 2021 when compared with 2020 — representing roughly one-quarter of all identity fraud losses last year, according to Javelin Research.

Identity fraud losses tallied $52 billion in 2021 as hackers moved more aggressively into “hijacking victims’ online lives,” according to a new report by Javelin Strategy and Research.

The cost of fraud overall for U.S. banks and lenders has leapt between 6.7% and 9.9%, according to a recent report by LexisNexis Risk Solutions.

LexisNexis Risk Solutions today released the 2021 edition of the LexisNexis True Cost of Fraud Study: Financial Services & Lending. The study examines United States and Canada financial services and lending sectors as well as key pain points related to adding new payment mechanisms. This includes transactions occurring online as well as through mobile channels and international expansion. 

In looking ahead to fraud transformation in 2022, it is good to review where the conversation about 2021 began: with statistics about perceptions and reality.

In looking ahead to fraud transformation in 2022, it is good to review where the conversation about 2021 began: with statistics about perceptions and reality.