Strengthening Fraud Prevention with Real-Time Mobile Identity Signals

Fraud is rising quickly in digital channels, making it harder for businesses to stay secure without adding customer friction. Deterministic, mobile-based identity signals provide the real-time, authoritative verification that outdated probabilistic tools can’t, enabling stronger fraud prevention with smoother onboarding.

Fraud is growing faster than businesses can keep up with, especially as customers move more of their interactions into digital channels.

In financial services, for example, research by LexisNexis Risk Solutions shows 63% of North American financial firms reported an overall fraud increase of 6% or more over a one-year period, with digital channels accounting for half of their overall fraud losses. The 2024 study, “True Cost of Fraud,” also indicated that costs resulting from fraud are staggering: For U.S. firms, every dollar of fraud loss has an operational cost of $4.41.

Safeguarding digital environments is essential, but many fraud-prevention measures inadvertently create customer friction. Lengthy, multi-layered ...