#fraudes Identity fraud is the most common in the world

The Sumsub report detailed that identity fraud recorded an increase of 137%. The identity verification platform raised certain key elements that may be contributing to the rise of fraud globally.

Fraud is no longer limited to expert criminals

According to the report, “new technologies have facilitated the commission of fraud by eliminating the need for specialized knowledge or technical skills. Fraudulent activities are now cheaper to execute, thanks to the rise of technologies and fraud as a service that provide tools and tactics. These services allow novice fraudsters to carry out attacks, making fraud more accessible and widespread.”