Javelin Strategy & Research considers identity fraud to be one of the fastest-growing criminal enterprises to infiltrate financial services in recent times. Traditional identity fraud losses in 2021 amounted to $24 billion (USD), ensnaring 15 million U.S. consumers. Additionally, identity fraud scam losses amounted to $28 billion, victimizing 27 million U.S. consumers. The total identity fraud impact last year resulted in $52 billion in financial loss affecting 42 million U.S. consumer victims.
Join us for an interactive panel moderated by John Buzzard, Javelin’s Lead Analyst of Fraud & Security and the author of The Virtual Battleground, the 2022 installment of Javelin’s annual identity fraud study. The panel will discuss economic and societal impacts of identity fraud, and review steps that can be taken by the financial services community and consumers to lessen the impact of identity fraud.
Participants will learn:
- What contributing factors have pushed an increase in traditional identity fraud
- How more consumers are adapting safer habits as witnessed in a significant drop in identity fraud scam incidences and losses, and what consumers want from their financial institutions.
- How technology can help fight identity fraud on a virtual battleground
John Buzzard – Moderator
Kathy Stokes, Director of Fraud Prevention Programs at AARP
Jason Steed, Vice President, Sales & Partner Development at Equifax
Ronald A. Whyte II, Senior Vice President & General Manager at FIS
Michele Krisanda, VP Global Product Development & Analytics at Iris Powered by Generali