eBook
Published September 24, 2024
Banks Fraud Management
How to deploy a multi-layered approach with a holistic consumer view to stay ahead of evolving fraud.
According to Experian’s latest research, the top three anticipated operational challenges businesses expect to struggle with when it comes to fraud are Cybercrime (45%), Generative AI fraud, and/or Deep Fakes (41%), followed by Peer-to-Peer (P2P) (40%), payment scams, which GenAI increasingly enables.
Read the eBook for other key insights including:
- The GenAI market is forecast to grow to $1.3 trillion over the next decade.
- Annual charge-off losses in the US alone tied to synthetics could be close to $11 billion.
- Banks have experienced a 66.8% increase in social engineering attacks over the past two years.
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Report
The Buyer’s Guide to Behavioral Analytics for Fraud Prevention
Fraud professionals are looking to behavioral analytics as the best defense against advanced fraud attacks. But exploring the various kinds of behavior tracking, the variety of pros and cons of different providers and ensuring a valuable test use case can be overwhelming.
This guide will help you evaluate every kind of behavioral analytics solution and incorporate best practices for an effective search and potential implementation.
It covers everything you need to know about behavior for fraud, including:
- Use cases that behavioral analytics can help solve and how to approach each in a strategic manner
- The benefits and potential downsides to a behavioral implementation, and how to prepare
- Value calculators to evaluate the short- and the long-term impact of behavioral analytics
Webinar
Redefining risk: Understanding the convergence of credit and fraud risk
In this webinar, Experian industry experts dive into our latest research on the convergence of credit and fraud risk. Discover what's driving these trends and how forward-thinking organizations can enhance risk management and operational efficiency by breaking down silos.
Watch to learn:
- How new and emerging fraud threats are reshaping fraud risk and impacting portfolio management.
- Increasing operational efficiency and enhancing risk assessment with centralized credit and fraud strategies.
- Aligning fraud prevention with your organization’s risk tolerance.
Case Study
How Elevate Saves Millions with Behavioral Analytics
Read how Elevate uses behavioral analytics to detect fraud rings and streamline workflows, resulting in a near-total elimination of fraud losses and decreased operational costs.
Key Results:
- $1-2 million in annual savings from improved fraud detection and operational efficiency
- Real-time detection of fraud attacks
- Fine-tuned applicant flow for different levels of risk without adding friction
Report
State of Credit Card Report
This report provides an in-depth analysis of the credit card landscape, offering key insights to help your business tackle today’s challenges and uncover opportunities for growth.
Key insights:
- Credit card debt reached an all-time high of $1.17 trillion in Q3 2024.
- About 19 million U.S. households were considered underbanked in 2023.
- Bot-led fraud attacks doubled from January to June 2024.