2024 Document Fraud Report
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A company’s risk team has always been, and will always be, its primary asset in fighting fraud. But frontline fraud fighters (plus their organizational leaders) must be empowered with data and AI-powered technology to keep up with fraudsters and their ever-changing schemes.
That’s why we packaged up the most critical fraud risks to be aware of in our 2024 Document Fraud Report. Key takeaways include:
- During tough economic times, fraud attempts increase: nearly 80% of risk leaders saw a YOY increase in fraud attempts.
- First-party fraud threatens lenders: 94% of fraudulent application documents include alterations to financial details.
- Effortless access to fraud-as-a-service is here: unique fake document templates have increased by nearly 20% since last year.
The “2024 Document Fraud Report” is brought to you by Inscribe