FB pixel

Onfido releases 2024 Identity Fraud Report and launches Fraud Lab

Onfido releases 2024 Identity Fraud Report and launches Fraud Lab

Onfido announced the launch of its Fraud Lab along with the publication of the 2024 Identity Fraud Report.

The report argues that the 3,000 percent increase in deepfake attempts and a fivefold increase in digitally forged identities in 2023 is due to the increasing availability of user-friendly generative AI tools. But businesses are using biometric verification powered by deep learning to deter deepfakes, combating AI-powered attacks with AI.

Less sophisticated varieties of fraud rose 7.4 percent from 2022 and made up 80.3 percent of all attacks and 79 percent of attacks against financial services, continuing a trend of bad actors going for quantity over quality of attacks to maximize reward.

Meanwhile, biometric fraud rates have doubled. Digital document forgeries rose by 18 percent, while physical counterfeits saw a 17 percent decline, though they still make up 73.2 percent of all document fraud.

The top documents targeted in document fraud are national IDs – accounting for 46.8 percent – followed by passports at 26.7 percent. National ID cards that are not for international travel don’t adhere to International Civil Aviation Organization (ICAO) guidelines and are therefore easier to forge.

Eighty percent of attempts to spoof liveness detection use videos displayed on a screen. Still, document-only checks have a 3x higher attack rate than biometrics, demonstrating that biometrics deter attacks.

In response to these findings, Onfido has released the Fraud Lab, which can mass-produce synthetic attacks. A release states that its Real Identity Platform can save customers over $3.9 billion in fraud losses.

In six months, the Fraud Lab has improved fraud detection rates on documents by five times and biometrics by nine times. Fraud Lab experts measure fraud detection performance against attack vectors on document and biometric verification software.

Because it is challenging to train AI models off of a limited number of incidents, the team labels the key signals of the few samples they find and then uses the lab to generate synthetic 3D documents or deepfakes at a high enough volume to be useful as datasets for training and evaluation.

The lab can also analyze global fraud rings and has helped Onfido stop over 267 of them so far.

Article Topics

 |   |   |   |   | 

Latest Biometrics News


Cybercrime and identity fraud: an Olympic challenge

By Grigory Yusupov, Regional Director UK and Rest of the World (ROW) at IDnow The Paris 2024 Olympics is set…


IDV providers respond to growing consumer demand for stronger fraud prevention

A range of digital identity and financial fraud prevention capabilities and solution updates have been released just as Veriff issues…


Biometrics developers dance with data privacy regulations continues

Biometrics controversy and investments are often found side by side, as seen in many of this week’s top stories on…


EU AI Act should revise its risk-based approach: Report

Another voice has joined the chorus criticizing the European Union’s Artificial Intelligence Act, this time arguing that important provisions of…


Swiss e-ID resists rushing trust infrastructure

Switzerland is debating on how to proceed with the technical implementation of its national digital identity as the 2026 deadline…


Former Jumio exec joins digital ID web 3.0 project

Move over Worldcoin, there’s a new kid on the block vying for the attention of the digital identity industry and…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events