Does Your Retail Fraud Problem Start with Account Creation?
Retail TouchPoints
SEPTEMBER 26, 2024
New account fraud is surging, and despite the conventional wisdom that this type of fraud is mostly a problem for banks, retailers are in the crosshairs too. Due to AI tools that make it easier for criminals to synthesize identities from stolen customer data and manage them, banks and commerce are expected to lose close to $5 billion this year to this type of fraud.
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