The Ideal Criminal Target: No One is Immune
- Date:October 19, 2022
- Author(s):
- Suzanne Sando
- Report Details: 14 pages, 6 graphics
- Research Topic(s):
- Fraud & Security
- Fraud Management
- PAID CONTENT
Overview
This report, sponsored by Equifax, explores the widespread effects of identity fraud on consumers, regardless of age or socioeconomic status, and the importance of taking advantage of fraud detection and prevention services. This report is derived from the 2022 Identity Fraud Study: The Virtual Battleground, published by Javelin Strategy & Research in March 2022. Javelin Strategy & Research maintains complete independence in its data collection, findings, and analysis.
Consumers of all kinds are ideal targets for cybercriminals. As losses from traditional identity fraud and identity fraud scams increase, consumers cannot let down their guards for a moment, because all it takes is that one moment for a criminal to steal an unsuspecting consumer’s identity. Criminals are constantly refining their tactics to capitalize on exploiting as many consumers as they can, leaving no one behind. Factors such as age, income, and education level do not concern a cybercriminal who is selecting the next target for identity fraud. No one is off-limits.
Consumers must be equipped with tools and education to safeguard their identities from the criminals who are launching constant attacks. Moreover, organizations must provide services and amenities that assist with identity protection and remove the sole responsibility for preventing identity fraud from consumers. Layering comprehensive education with innovative technology will aid in mitigating the threat of identity fraud.
Learn More About This Report & Javelin
Related content
Cyber Lessons for Mobile Banking: Connecting with Consumers, Framing Cyber Awareness
Javelin Strategy & Research sees an increased opportunity for cybersecurity awareness and engagement with consumers within mobile banking, where push notifications and alerts are a...
Password Fatigue: A Case for Multilayered Passwordless Authentication
Traditional password-centered authentication is becoming less secure as cyberattacks increase in sophistication and consumers grow tired of strong password requirements. Financial ...
The Promise of Digital IDs: Reduced Fraud and Efficient ID Proofing
The move toward digital forms of ID is accelerating around the United States, and a greater use of such identification methods promises to reduce fraud losses and increase security...
Make informed decisions in a digital financial world