Fraud shifting as online activity increases

Experian’s Future of Fraud Forecast revealed five expectations for 2022.

The predictions stem from the fact that the worldwide digital transformation has led to a rapid increase in fraud, with the forecast saying, “fraudsters have gotten more creative, putting businesses and consumers at risk now more than ever.”

The forecast predicts more intricate challenges ahead.

“Fraudsters are continually looking for different ways to attack businesses and consumers,” says Experian Chief Innovation Officer Kathleen Peters. “Due to the unprecedented nature of the pandemic, there was a rapid shift to digital that brought way more consumers online.

 

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