February 10, 2022 – Fraud is the kind of problem that perpetually changes and typically in a manner that is hard to discern. In the pandemic era, the industry and the market for countermeasures remains woefully underprepared to stem the profoundly negative impacts of a large-scale scam epidemic of the sort that has the U.K. market on its heels. As fraudsters of all stripes seek to fill the void in revenue left by stimulus fraud, they will migrate to scams and other forms of fraud that require relatively little in the way of technical proficiency and that are dependent on the use of stolen and synthetic identities.

This Impact Report examines the well-established market trends that are likely to persist as significant drivers as well as some indications from recent events that are likely to influence how fraud executives prioritize their investments and how solution providers evolve their solutions. Aite-Novarica Group surveyed 32 U.S. financial crimes professionals who attended Aite-Novarica Group’s Financial Crime Forum in September 2021 to better understand the current and future environment for fraud trends.

This 27-page Impact Report contains 11 figures and three tables. Clients of Aite-Novarica Group’s Fraud & AML service can download this report and the corresponding charts.