Top 7 Trends Shaping the Fraud and Identity Landscape in 2023

Online interactions are commonplace consumer behavior as digital transactions dominate the marketplace. In this current landscape, the routes for fraud networks to interfere with a business are infinite. Organizations are contending with highly professionalized fraud syndicates working at pace to monetize an evolving array of fraud schemes.

Here are LexisNexis® Risk Solutions top 7 trends to watch in the Fraud and Identity space. Find out which market developments and fraud challenges are most likely to impact operational budgets, customer experience and your fraud plans in the year ahead.

Download the infographic to get more insights on each trend and discover the top strategies for establishing trust, improving the experience and identifying risk.

1. Expanding digital economies are creating exponential opportunities for fraud
2. Interconnected threat vectors across global marketplaces and require a collective response
3. Complex mass and targeted social engineering schemes spread across multiple geographies and industries
4. The migration to mobile transactions and a digital payments paradigm are challenging trust recognition and risk management
5. Finding the right risk-to-friction balance is mandatory as companies aim to protect consumers without disrupting their experience
6. Increased global connectivity leads fraud networks to expand the complexity of fraud schemes
7. Multi-dimensional consumer identities require a more dynamic response at every step of the journey