The 2020 Fraud Report by Veriff has revealed the US experienced more fraud attempts than anywhere else in the world, with increased fraud attempts as a result of the COVID-19 pandemic in the fintech, mobility and crypto sectors.
Veriff analysed millions of verification data points from its global customer base across 190 countries to determine common types of fraud by region and industry. As fraud rates increased this year, this data underscores that traditional methods of identity verification, such as social security numbers, have created a false sense of comfort.
Key findings include:
Veriff’s fraud team analyzed data across millions of verifications in 2020 from 190 countries all over the globe. The company supports close to 9,000 different government-issued IDs when verifying people. The 2020 Veriff Fraud Report includes insights tracked from verifications between January 1, 2020, and December 7, 2020.
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