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July 18, 2024
IN THE NEWS
Fighting AI-powered Synthetic ID Fraud With AI
Aided by the emergence of generative artificial intelligence models, synthetic identity fraud has skyrocketed, and now accounts for a staggering 85% of all identity fraud cases. For security professionals, the challenge lies in staying one step ahead of these evolving threats.
July 18, 2024
PRESS RELEASE
AuthenticID Mid-Year Report Reveals Continued Surge in Fraud and Increase in Consumer Worry
Fraudulent transactions in the first half of 2024 were up over 73% year over year, and suspected fraudulent transactions increased by over 84%, according to the 2024 Mid-Year Identity Fraud Review, released today by AuthenticID.