December 7, 2021

Identity Fraud Rate in Financial Technology Worldwide, Q1 2020-Q4 2021 (% of total identity verifications)

Note

Identity fraud defined as attempts to appear as someone other than oneself by using someone else's physical ID document or coercing/forcing/duping someone else to undergo the verification process.

Methodology

Data is from the December 2021 Veriff "2021 Identity Fraud Report." Results are based on data from Veriff's in-house digital identity verification sessions during January 1-November 30, 2021. The report looks at the various types of fraud monitored by Veriff that includes document fraud, identity fraud, recurring fraud, and technical fraud. Veriff is a global identity verification service company.