https://www.sas.com/en/whitepapers/fac
es-of-fraud-113582.html
People and identities
General gathering of
data from mass
compromise events.
Devices and details
Compromise of
details and devices
but may never be
used for fraud.
Money and funds
Customer is
compromised and
high opportunity for
losses.
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•
•
•
•
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Compromise of PII
Organized Crime
Ecosystem risks
Phishing, Smishing and
Quishing will always place
consumer data at risk due
to industry exposure
Combination and relationship
of multiple accounts that
work together to articulate
criminal activities
Telecommunications
providers and Payment
Services Providers have
weaknesses.
Identity Fraud
Mule Accounts
Account Take Over
Authorized Push Payments
Validation of Identity for payers
and applicants
Beneficiary Accounts created or
used for the solemnly purpose of
receiving money for criminal
activity
Payments not initiated by the
payer, where behavior and
beneficiary information are
anomalous
Payments initiated by the real
customer that is being tricked to
make a payment by Scams
>60% Fraud Detected on
1.5% of total events
70%
Fraud Detection Rate (%)
60%
50%
31%
Combined Digital
Fraud Detection
40%
Individual Vendor Detection Rates
30%
Individual Vendor Detection Rates
20%
34%
10%
22%
32%
20%
0%
Biometrics
Digital
Bio+Dig
Biometrics
Digital
Bio+Dig
Analytics
Ana+Dig+Bio