ID Fraud

AU10TIX Global Identity Fraud Report Pinpoints Economic Recovery and Inflation as Drivers of 44% Surge in North American Organized ID Fraud

Posted by Jay Bartlett October 17, 2023 9:00 am Categories: Corporate News, Cyber Security, Physical security. Tags: AU10TIX, ID Fraud, Inflation.

AU10TIX released its Q2 2023 Global Identity Fraud Report. Drawing insights from millions of transactions processed in 249 countries from April to June 2023, the report identifies emerging regional and industry-specific patterns of ID fraud. Most notably, there has been a 44% increase in organized ID fraud in North America compared to preceding quarters. This upsurge is believed to be driven by the ongoing economic recovery and inflationary pressures, particularly in the US market, which are emboldening professional ID fraud syndicates.

How An Innovative Control Room Can Help Secure The Budding Cannabis Market

It’s no secret that the cannabis industry is growing. Numerous states across the United States, from California to Maine, have legalized recreational cannabis, with 33 total states allowing cannabis for medicinal uses. And it’s not just the United States that’s seeing this trend: Canada’s official legalization of recreational cannabis took effect last October. This growth is leading to incredible opportunities in the industry, with the global market valued at $10.3 billion in 2018 and projected to reach $39.4 billion by 2023. This market opportunity expands far beyond the companies that directly deal with the cannabis plant, with numerous adjacent businesses on track to experience benefits.