A Credas study suggests that the sector is adopting more sophisticated tools in response to the threat, with 65% of fraud cases now being detected using digital or automated methods. This indicates a notable shift towards technological solutions in fraud prevention. Over half of those surveyed (52%) said they had encountered fake identification documents, demonstrating the evolving tactics being used by fraudsters. Respondents identified fraud as the foremost challenge in the field of ID verification (34%), while concerns about customer experience and operational inefficiency were also cited.
Source: securitybrief.co.uk