Pre-pandemic techniques are fueling record fraud rates

Within the largest financial institutions, insurers, and retailers, the rise and adoption of AI, an impending recession, and the return of pre-pandemic fraud techniques are driving record rates of fraud attacks for consumers and enterprises alike, according to Pindrop. Researchers have found: States that imposed restrictions on the use of biometrics are twice as likely to experience fraud In times of financial uncertainty, fraud increases. Financial institutions experienced a 53 percent year over year increase … More →

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