Highlights from IDology’s 3rd Annual Fraud Report: Suspected Fraud Attempts Continue to Climb; Mobile Activity Expected to Grow; Enhanced Mobile and Call Center Fraud Tactics Emerge; Organizations Shift Focus to Prevent Fraud.
IDology, a leader in multi-layered identity verification and fraud prevention solutions for the customer-not-present environment, today announced the launch of their 2015 Fraud Report which polled senior executives from IDology’s comprehensive customer base in order to collect and analyze their expertise relating to suspected fraud in their respective industries.
“We’re excited to launch our third annual fraud report,” said John Dancu, chief executive officer of IDology. “At IDology, we understand that an essential part of fighting fraud comes in gaining a deeper insight into fraud data, tactics and trends. Coupled with the ability to rapidly innovate as fraud evolves. Our annual fraud report is one way in which we help organizations see where fraud is trending and how technology is advancing, supplying them with the insight required to remain at the forefront.”
Additional highlights from the 2015 Fraud Report include:
- Fraudsters continue to target website applications
- Mobile and call center fraud intensifies
- Phishing and information theft become more widespread
- Shifting fraud tactics remain a challenge
- Suspected small dollar fraud attempts give way to larger sums
- New geographic regions emerge as centers of suspected fraud
“It’s no secret that mobile has been gaining in popularity in recent years. That is why this year, we added a series of mobile-specific questions to the report” said Dancu. “Ultimately, the survey results supported the reasoning behind why IDology spent a significant amount time and effort this year in launching our new mobile identity verification and fraud prevention solution, ExpectID Mobile. This solution allows businesses to establish, maintain and ultimately trust the persistent identity of a consumer on a mobile device, which is a complex task given the rise in mobile account takeovers, improved mobile spoofing technology and the millions of change events that occur with mobile devices such a consumer porting a device between carriers.”
The IDology Fraud Report presents the collective input of some of the most talented and diligent anti-fraud practitioners and provides strategic insights to assist other organizations in their fraud prevention and identity verification platforms. Respondents come from a variety of industries including banking and other financial services, healthcare, retail, telecommunications, energy and utilities, as well as consumer and business services. Size of companies ranged from large enterprise organizations to small businesses, as well as non-profit and educational institutions.
To download the complete report, visit http://ww2.idology.com/lp/2015fraudreport.html.
For more information on IDology’s new ExpectID Mobile solution, visit https://www.idology.com/mobile_identity_solution.
IDology, Inc. provides real-time technology solutions that verify an individual’s identity and age for anyone conducting business in a consumer-not-present environment to help drive revenue, decrease costs, prevent fraud and meet compliance regulations. Founded in 2003, IDology offers a solution-driven approach to identity verification and fraud prevention that ultimately helps increase customer acquisition and improve customer experience. IDology has developed an innovative and on-demand technology platform that allows customers to control the entire proofing process and provides the flexibility to make configuration changes that are deployed automatically – without having to rely on internal IT resources or IDology’s customer service – so customers can stay ahead of the fraud landscape while maintaining compliance. For more information, visit www.IDology.com or call 866-520-1234.