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New Account Fraud: Uncovering The Tools And Tactics Of A New Breed Of Scams Introduction

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To enhance customer experience, banks are closing branches in favor of digital services to meet the growing demand of tech-savvy users.

A big risk of this change is new account fraud, which is a cyber scam where bad actors use stolen or synthetic identities to open accounts and borrow money.

What���s more is that fraud is 15 times more likely to originate from a new account versus one established for over 30 days. Banks are having to balance quick-and-easy onboarding with financial and reputational risk. Want to learn more?

Read this white paper to get a closer look.

Vendor:
Buguroo
Posted:
Feb 8, 2021
Published:
Oct 16, 2020
Format:
PDF
Type:
White Paper

This resource is no longer available.