by Bianca Gonzalez, Activist Post:

Fraud trends for 2023 reveal where fraudsters are focusing their efforts as well as what tools are on the rise to fight against attackers.

Non-regulated entities are becoming more susceptible to fraud attacks as companies in regulated industries work to meet certain security requirements in order to comply with regulatory frameworks, according to Sumsub‘s 2023 Identity Fraud Report.

Top fraud trends from Sumsub’s 2022 report persisted throughout 2023. The top fraud trends were and still are deepfake usage, complex fraud patterns, and advanced forgeries. These observations align with Onfido’s recently-released fraud report.