Synthetic identity attacks, where real and fake information are combined to form new identities, are on the rise, particularly in the financial services sector, according to an Experian study.
India has recently experienced a significant upswing in fraudulent activities aided by the arrival of generative AI, according to a new study.
A staggering 64% of respondents acknowledged experiencing an increase in fraud losses over the past year, according to the study conducted by Forrester Consulting, commissioned by Experian. This concerning trend is compounded by the fact that 67% of these respondents are currently grappling with the challenges of keeping pace with the rapidly evolving landscape of fraud threats.