Tip Sheet
Published February 21, 2025
Fraud Management Identity Workforce Management
Recent statistics reveal a direct connection between employee identity theft and business vulnerabilities. Compromised employee credentials can be a common entry point for fraudsters and putting your organization’s cybersecurity at risk.
- Up to 80% of cyberattacks leverage identity-based attack methods, and many breaches stem from phishing attacks targeting employee login details
- The average cost of a data breach was $4.88 million in 2024, the highest average on record.
- Cyberattacks are becoming more common, striking 4,000 times per day.
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Video
A Growing Small Business Financial Fraud Problem
This week’s Commercial Pulse Report from Experian reveals critical shifts in the economy for small businesses. Inflation eased slightly to 2.8%, and the Small Business Index ticked up to 41.5—signs of stabilization. But rising financial fraud remains a major concern. Also:
🔒 70% increase in fraud since the pandemic
🧠 $40B in projected losses from AI-driven scams by 2027
📊 46% of SMB loan applications showed signs of first-party fraud
Lenders are responding with AI-powered analytics and cross-industry collaboration to stay ahead of these threats.
Check out the full report to see how these trends could impact your strategy!
Webinar
Reimagining Research Verifications for Employment Screening
In today’s fast-paced hiring landscape, background screeners face increasing pressure to deliver faster, more accurate, and fully compliant verifications. With over 50% of employment verifications still requiring manual intervention, staying ahead requires innovative solutions.
Key takeaways:
- Key trends shaping the future of background screening
- The value of digitally- native instant, consumer-permissioned and research-based verifications streamlining manual workloads.
- How advancements in Generative AI are transforming traditional research verifications and reducing dependence on call centers.
Watch this on-demand webinar featuring Experian experts Joy Mina and Troy Hupp as they explore how AI-enhanced, instant, and consumer-permissioned solutions are transforming background screening.
Report
Global Insights 2025 Predictions
Key themes and emerging trends shaping financial services in 2025, using research and insight from leading industry analysts. Themes include:
- Fraud evolution driven by AI
- AI will play a transformative role in banking
- Emergence of RegTech
- Convergence of risk management
eBook
Navigating the Intersection of Credit, Fraud, and Compliance
Credit risk, fraud, and compliance have long operated in silos, but forward-thinking organizations are unlocking new opportunities through convergence.
Read our e-book to learn how aligning these critical functions can help you:
- Reduce overall risk
- Improve operational efficiency
- Stay ahead of the competition