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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.