Fraud risks to watch out for in 2024

 In our highly digital world, businesses work with customers from all over the globe and at higher volumes, where decisions must be made in seconds rather than days to stay competitive. There are also many more data sources that need to be reviewed to establish trust.

‍

At the same time, both opportunistic fraudsters and organized criminals are adapting to new onboarding and underwriting flows and, in some cases, launching coordinated attacks to take advantage of increased automation. The biggest threat to risk and operations teams today is the unknown.