Report

Shufti Pro Identity Fraud Report 2022

The Shufti Pro’s Annual Fraud Report 2022 – Highlighting the challenges and trends from the world of identity – is published globally.

To help companies take effective steps to fight identity fraud and financial crimes, Shufti Pro’s compliance experts have examined proprietary data to understand how fraudsters behaved, the techniques they have used, and what sort of attack patterns have emerged over the last year. This Fraud report collates those findings to help global businesses stay one step ahead of fraudsters in 2023 and beyond

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What You’ll Find Inside the Report?

The unprecedented levels of global ID show no signs of slowing down. Our data analysis shows a year-over-year increase of 30% in document fraud from last year. The overall global fraud rate has increased year-over-year by 18%, from 13% in 2021 to 16% in 2022

Our Annual Report Uncovers

Alarming Fraud Types and Industrial Trends

New Manipulation Techniques

Recommendations to Remain Safe in 2023

Fool-Proof Fraud Detection Practices for Businesses

Users are the best line of defense against fraud. According to our analysis, here are some tips you can implement right away to reduce your chances of getting compromised

Use 2FA with Liveness

Enable 2FA to add an extra layer of protection whenever a user attempts to sign in from a new device, location, and IP address. This ensures that the user signs in to their own account with legit credentials

Monitoring Accounts

Keep a close look at your company’s official bank accounts and always report anything suspicious to the bank or regulatory authorities without any delays

Detect Account Duplication

Integrate identity verification solutions with rigid KYC checks that prevent criminals from re-using the information for onboarding

Why Choose Shufti?

Global Coverage

Available in over 230+ countries and territories, Shufti Pro envisioned playing a pivotal role in creating cyberspace where every transaction is verifiable and secure

Meet Compliance

Utilising the power of technologies like ML, OCR, AI, and NLP, Shufti Pro strives to provide the best identity verification services to help businesses stay put with KYC & AML compliance

Cost Effective

Shufti Pro’s cost-effective solutions help businesses to prevent fraud and illicit crimes that can ruin the integrity and brand reputation of your business

Easy Integration

With single API integration, Shufti Pro empowers you to verify customers with document checks from 3000+ ID templates and business entities from 200 million companies' data

Read our KYC Guides to learn more about KYC/AML compliance and how Shufti Pro can help

Download KYC Guide

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Shufti Pro Fraud Report 2021

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Holiday Season – The Prime Time for ID Thieves and Financial Criminals

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Shufti Pro Completes 4 Years of Fighting ID Fraud

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On-premises Identity Verification for the Banking Sector

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Shrinking the Space for Travel Industry Scams with Biometric Verification

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Global Gambling Compliance: Regulations, Age Checks & Financial Safety

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A comprehensive guide to KYC and AML compliance in Canada

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NFC Verification: Not Cutting Any Corners With Remote ID Authentication

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Digital COVID Pass for PCR Test Verification

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Global Identity Fraud Report 2020

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Know Your Patient – A 360° view of patient identification in healthcare

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Enhanced AI – Augmenting Identity Verification with Artificial Intelligence

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A comprehensive guide to KYC and AML compliance in the UK

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Growing Frauds and Financial Crime in Insurance and the Role of Digital KYC

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Banking on Biometrics: The Future of Customer Authentication

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Fully Embracing Digital Transformation with Automated AI OCR Engine

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Rising trend of KYC/AML compliance in GCC countries

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Video Interview KYC – Efficient & Secure Customer Onboarding

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Need for Identity Verification To Deal With Money Laundering Threats in Real Estate Sector

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Onboarding Remote Employees: How Identity Verification Can Reduce Risks in Hiring Process

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How Automation will Improve Operational Efficiency in the Healthcare Industry

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Automated ID Verification System to Tackle Telecom Frauds

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Launching an ICO? Learn Why KYC and AML Compliance Matters

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Fintech customer onboarding through video KYC

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Impact of Regulatory Changes in the Financial Sector

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New Account Fraud- A new breed of scams

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Tackling fraud while giving a seamless experience to the players

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How businesses can prevent fraud during COVID-19

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Need for Online Age Verification to Protect Minors

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Biometric Technologies Reshaping Identity Verification

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More Reports

KYC & AML IN THE MENA Region White Paper 2023

View Detail White Paper
Shufti Pro’s iGaming White Paper 2023

View Detail White Paper
Shufti Pro Identity Fraud Report 2022

View Detail Report
Shufti Pro Fraud Report 2021

View Detail Report
Holiday Season – The Prime Time for ID Thieves and Financial Criminals

View Detail Report
Shufti Pro Completes 4 Years of Fighting ID Fraud

View Detail Report
On-premises Identity Verification for the Banking Sector

View Detail Report
Shrinking the Space for Travel Industry Scams with Biometric Verification

View Detail Report
Global Gambling Compliance: Regulations, Age Checks & Financial Safety

View Detail White Paper
A comprehensive guide to KYC and AML compliance in Canada

View Detail Product Guide
NFC Verification: Not Cutting Any Corners With Remote ID Authentication

View Detail Report
Digital COVID Pass for PCR Test Verification

View Detail Report
Global Identity Fraud Report 2020

View Detail Report
Know Your Patient – A 360° view of patient identification in healthcare

View Detail White Paper
Enhanced AI – Augmenting Identity Verification with Artificial Intelligence

View Detail Report
A comprehensive guide to KYC and AML compliance in the UK

View Detail Product Guide
Growing Frauds and Financial Crime in Insurance and the Role of Digital KYC

View Detail White Paper
Banking on Biometrics: The Future of Customer Authentication

View Detail White Paper
Fully Embracing Digital Transformation with Automated AI OCR Engine

View Detail White Paper
Rising trend of KYC/AML compliance in GCC countries

View Detail Report
Video Interview KYC – Efficient & Secure Customer Onboarding

View Detail Product Guide
Need for Identity Verification To Deal With Money Laundering Threats in Real Estate Sector

View Detail White Paper
Onboarding Remote Employees: How Identity Verification Can Reduce Risks in Hiring Process

View Detail White Paper
How Automation will Improve Operational Efficiency in the Healthcare Industry

View Detail White Paper
Automated ID Verification System to Tackle Telecom Frauds

View Detail White Paper
Launching an ICO? Learn Why KYC and AML Compliance Matters

View Detail White Paper
Fintech customer onboarding through video KYC

View Detail White Paper
Impact of Regulatory Changes in the Financial Sector

View Detail Report
New Account Fraud- A new breed of scams

View Detail Report
Tackling fraud while giving a seamless experience to the players

View Detail White Paper
How businesses can prevent fraud during COVID-19

View Detail White Paper
Need for Online Age Verification to Protect Minors

View Detail White Paper
Biometric Technologies Reshaping Identity Verification

View Detail White Paper

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