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Home»Interviews»AuthenticID Annual Report Reveals Surge in Id-Based mostly Fraud Throughout Companies
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AuthenticID Annual Report Reveals Surge in Id-Based mostly Fraud Throughout Companies

Editorial TeamBy Editorial TeamJanuary 31, 2025Updated:January 31, 2025No Comments3 Mins Read
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AuthenticID Annual Report Reveals Surge in Id-Based mostly Fraud Throughout Companies
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Half of companies reported a development in deepfake and AI-generated fraud, alongside rising biometric spoofs and counterfeit ID fraud makes an attempt, in line with the 2025 State of Id Fraud Report, launched in the present day by AuthenticID, a worldwide chief in identification verification and fraud prevention options. With identification fraud skyrocketing globally, the report provides a pulse examine for enterprise and client identification fraud. It delves into identification verification ways and developments and cutting-edge know-how that may combat the subtle fraud going through each customers and companies.

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“Staying forward of evolving methods similar to AI deepfake-generated paperwork and biometrics, rising applied sciences, and dangerous actor account takeover ways are essential in defending your online business, safeguarding information, and constructing belief with prospects.”

The report explores essentially the most pervasive types of fraud noticed in 2024 and descriptions rising and rising fraud ways that will impression 2025. The report analyzes inside proprietary information anonymized from AuthenticID’s identification verification and fraud detection know-how. When paired with insights from AuthenticID’s annual fraud surveys of each fraud and know-how professionals in addition to customers in North America, the report provides a complete view of the fraud panorama.

“In 2024, we noticed simply how subtle fraud has now develop into: from deepfakes to stylish counterfeit IDs, generative AI has modified the identification fraud sport,” stated Blair Cohen, AuthenticID Founder & President. “It’s clear from our information and surveys that companies could not even know the extent of the fraud they’re permitting to move by way of their techniques—making each vigilance and motion essential in 2025.”

The will increase in identity-based fraud display the continued threats and most well-liked menace vectors of fraudsters. The general fraud fee climbed to 2.10%, marking the very best stage noticed by AuthenticID up to now three years.

Additionally Learn: The Advantages of AI for Predictive Upkeep in Telecommunications

Among the many different noteworthy will increase included within the report:

  • 70% of persons are reasonably or extraordinarily fearful about the specter of generative AI-based fraud and deepfakes on-line
  • 68% of companies have encountered workforce-related fraud, with impersonation of an worker as the commonest fraud sort
  • Companies noticed a stunning 76% improve in phishing makes an attempt

The danger of identity-focused assaults and complicated phishing makes an attempt is an alarming pattern: most customers report being approached by dangerous actors a minimum of 34 occasions per 12 months through electronic mail, telephone calls, texts, or social media.

In 2024, AuthenticID detected 42% extra faux IDs and suspicious biometric transactions processed by way of its verification system year-over-year, highlighting each the impression of fraud and adoption of verification options by companies.

“In 2025, companies ought to embrace the mentality to ‘assume like a hacker,’ to fight new cyber threats,” stated Chris Borkenhagen, Chief Digital Officer/Data Safety Officer at AuthenticID. “Staying forward of evolving methods similar to AI deepfake-generated paperwork and biometrics, rising applied sciences, and dangerous actor account takeover ways are essential in defending your online business, safeguarding information, and constructing belief with prospects.”

AuthenticID will proceed to drive innovation ahead in its know-how to make sure firms can keep forward of fixing fraud methods and regulatory necessities whereas delivering best-in-class buyer expertise.

[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]



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