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Global Identity Fraud Report 2020

 

smartphone biometric identity and document verification

According to Merchant Savvy, global losses from fraud have tripled to USD 32.39 billion in 2020 from USD 9.84 billion in 2011.

Shufti Pro identified various types of identity frauds in 2020 and as per the available information, businesses can expect an increase in criminal activities this year as well.

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