Key Trends Driving Fraud Transformation in 2021 and Beyond

In times of crisis and during times of recovery, fighting fraud will only get more complex, more sophisticated, and more fluid.

Boston, December 1, 2020 – The economic instability, social unrest, and operational disruptions stemming from the pandemic have not made it easier to fight fraud. And just as it was difficult to predict how the pandemic would impact fraud, it’s equally difficult to predict how the ongoing recovery and the long road back to “normal” will impact fraud. Nevertheless, a number of fairly high-level trends provide some insight for fraud executives tasked with preparing for 2021 and beyond.

This report examines the well-established market trends that are likely to persist as well as some environmental conditions that are likely to accelerate fraud attacks stemming from identity theft. It is based on an Aite Group survey of 47 U.S. financial crimes professionals who attended Aite Group’s Financial Crime Forum in September 2020.

This 25-page Impact Report contains 17 figures and two tables. Clients of Aite Group’s Fraud & AML service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions the Federal Reserve Bank.

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