In uncertain times, one thing is certain: Fraud and financial uncertainty go hand in hand. With a potential economic downturn on the horizon, now is the time to prepare for an acceleration in fraud risks like account takeover, synthetic identity, payments fraud, check fraud and more.
The challenge for financial services companies is balancing fraud control improvements while maintaining frictionless customer experiences. After reading this playbook, you’ll have a clearer understanding of the potential fraud risks facing your financial institution in the year ahead and be prepared to alleviate them. Findings include:
Why a recession increases financial institutions’ vulnerability to fraud
5 ways financial institutions can fight fraud during a potential downturn
How global identity-verification solutions and predictive data insights help mitigate risk