Telesign

We asked digital fraud victims from around the world about how the experience impacted them. The results were surprising, to say the least. 👀 These findings are part of the latest data from the 2024 Telesign Trust Index, a report that underscores the urgent need for businesses, governments, and individuals to prioritize trust and security in the digital world. One of the most astounding new data points revealed that 92% of consumers worldwide believe that the companies they engage with are responsible for protecting their digital privacy. Unlock more data from the Trust Index and gain additional insights on how today's consumers feel about fraud: https://lnkd.in/g5SwiKWM

In celebration of the season of giving (and thus, online shopping), here are 5 types of holiday fraud that are on the rise: 1. Package delivery scams 📦 Keep an eye out for fake delivery notifications and phishing emails that are designed to trick customers into providing personal information. 2. Gift card fraud 🎁 Fraudsters obtain gift card codes through phishing emails or brute-force attempts and resell them on the black market, often causing losses for both businesses and consumers. 3. Online shopping scams 🛍️ Fraudsters create fake e-Commerce sites that mirror those of reputable brands to steal payment information and profit from unsuspecting shoppers. 4. Social media scams 🔗 Scammers target customers through fake social media profiles or ads offering too-good-to-be-true discounts. These scams often redirect users to malicious websites to collect sensitive personal and payment information. 5. Charity scams 💰 Fraudsters create fake donation platforms, preying on consumers’ goodwill to collect funds that never reach those in need.

Did you know that 92% of consumers believe brands are responsible for protecting their digital privacy? Brands that don't have protective measures in place could be jeopardizing their reputations, with 64% of consumers reporting that fraud incidents negatively impact their perception of the brand responsible for the breach. These findings are part of the latest data from the 2024 Telesign Trust Index, a report that underscores the urgent need for businesses, governments, and individuals to prioritize trust and security in the digital world.

Digital fraud can cost more than just data. We know from the 2024 Telesign Trust Index that nearly half of all fraud victims (49%) considered the experience life-altering or very impactful. Some even admitted the experience made them alter their use of social media, payment services, and e-commerce, as well as their perception of the brand responsible for the breach. Companies should be doing their part to keep their customers' digital identities safe. To close any gaps, consumers can also take certain steps to stay protected, like freezing their credit and turning on MFA for their personal accounts. Learn more about the true cost of fraud and how we can all contribute to a safer digital world (via SFGATE): https://lnkd.in/eAdBjW9u

Account takeovers are a growing problem for web and mobile app businesses. Telesign Phone ID protects your platform by providing real-time information on the device type and contact information associated with a phone number, along with other identity attributes. Our Porting History identity attribute can you maintain account integrity and detect port-out fraud by providing insights on if an end user’s phone number has been recently ported. Head to our blog to learn how to unlock critical ATO risk signals to detect suspicious behavior — like if a phone number has been ported — to proactively protect your customer accounts against fraud: https://lnkd.in/dBhsW7Da

Friction has a bad reputation, but new data from our 2024 Trust Index revealed that 80% of consumers actually appreciate it if it could help keep their data safe. The key is striking the right balance by introducing varying levels of friction based on the risk profile of each individual user.

The new year is just around the corner. ✨

We're inspired every day by Cynthia Ng, our Chief Legal Officer who has spent the past 12 years of her career making a difference with (and for) us. 💫 Get to know Cynthia in this Q&A interview from Authority Magazine that dives into her unique career path, how she fosters a positive culture within her team, and which pop star she'd love to see give a PSA on the importance of MFA: https://lnkd.in/eRHRD7XY

Digital identity solutions harness intelligence from: ▶️ More than 5 billion unique phone numbers ▶️ 2,200 digital identity signals ▶️ A fraud consortium represented by some of the largest internet properties in the world Learn more about our digital identity solutions and watch a proof-of-concept video that captures a year's worth of data: https://lnkd.in/et-gNnpv

When you invest in fraud protection, everybody wins. 🎰🙌 The entertainment industry has evolved significantly over the last twenty years as the internet, smartphones, and streaming revolutionized how consumers play. While industry growth presents attractive business opportunities, it also makes entertainment platforms prime targets for fraudsters. As users increasingly prefer online and mobile platforms, hackers become increasingly more sophisticated in their attacks. The need for tailored fraud prevention solutions in the online gambling and betting industry is critical.