Sophisticated fraud rings are running circles around digital identity verification tools—leaving panic, chaos, and drained revenue in their wake.
Fraud rings are constantly testing for vulnerabilities. You might have a reassuringly consistent level of fraud attempts, then out of seemingly nowhere get hit by a brutal ring that blitzes in to overwhelm your system. And it’s never a one-and-done: fraud rings rinse-and-repeat. As soon as they find a weakness, they’ll double down and squeeze it as long as they can.
NeuroID sees fraud ring attacks all the time, across every industry. They’re fast, frequent, and furtive, and the ringleaders know how to cover their tracks. While the type of fraud ring attack varies based on the target industry, the tell-tale signs are always there for those who know what to look for.
We’ve seen it all: and now we’ve collected our insights in the new Anatomy of a Fraud Ring Attack report, where our industry experts provide:
An analysis of 5 fraud ring attacks across 5 different digital industries, including a breakdown of who was targeted and why
Background information and future predictions on evolving fraud ring styles and strategies
Investigations into how fraud rings choose their victims, and ways you can be prepared