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Digital fraud’s 20 percent rise motivates search for digital identity insights
June 9, 2023, 5:01 p.m. | Masha Borak
Biometric Update www.biometricupdate.com
The world has witnessed a hike in digital fraud during 2022, with attacks from cybercriminals rising 20 percent since the previous year, according to a new report from LexisNexis’s Digital Identity Network.
The majority of them, around 3.5 billion have come from automated bot attacks which rose 27 percent compared to 2021.
Human-initiated attacks, however, saw a high increase of 56 percent as attackers targeted individual online transactions that usually offer full digital identity data. The volume of these …
attacks automated automated bot attacks behavioral biometrics biometric-authentication biometrics news bot bot attacks cybercriminals cybersecurity digital digital fraud digital-identity financial services fraud fraud prevention identity identity verification insights lexisnexis network report rising search world
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