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Attempted ID fraud - 22 percent up during 2018 holiday season

Thursday 13 December 2018 10:48 CET | News

Online ID fraud attempts on government-issued IDs has increased 22% worldwide during the 2018 Black Friday to Cyber Monday period compared to the non-holiday average, according to Jumio.

In the Jumio’s Holiday ID Fraud Report, attempted fraud is defined as an attempt by an individual to create a new online account by manipulating a government-issued ID. This type of fraud perpetrated during the online identity verification stage, involving passports, driver’s licenses or ID cards, and hit a five-year high, increasing 109% in 2018 from 2014.

The company compared ID fraud patterns from millions of ID verification transactions between 2014 and 2018 across various industries, focusing on the period between Black Friday and Cyber Monday, including the day before and the day after this timeframe. Jumio also compared the rate of fraud during this holiday period to the average for the rest of the year to develop its findings.

Additional findings include:

  • Cryptocurrency saw an attempted ID fraud rate increase of 40.3%, online services a 28.7% increase and a 9.69% increase for financial services in 2018.

  • In 2018, ID fraud rates were highest in India (4.30%), China (1.54%) and Italy (1.52%).

  • In 2018, fraud using IDs from the UK was 8.36% higher than from US IDs.

  • In 2018, online gambling had the highest rate of attempted ID fraud at 3.45%, a significantly higher rate than the 1.72% global average. Moreover, seasonal fraud in online gambling has tripled since 2014.


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Keywords: Jumio, ID fraud, identity verification, digital identity, Black Friday, Cyber Monday, fraud prevention, cryptocurrency, study
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Countries: World