Organized crime continues to relentlessly bombard financial services firms, businesses, and consumers with scams, automated bots, synthetic identities, mule activity, and application fraud. As more consumers are victimized by rising scam attacks, financial services firms encounter increasing regulatory pressure to take increased action against scams and better protect their customers. Economic uncertainty, growing inflation, and a possible global recession is compelling organizations to manage budgets and costs more carefully and find ways to achieve better operational efficiency and resource utilization.
