How generative AI is driving an increase in online fraud

Online fraud is more than just a nuisance to your company and your customers. Left unchecked it has the potential to cause significant legal, financial and reputational harm to your business, as many companies have found out to their cost.

Online fraud has been a persistent threat for many years. However, with the impact of increasing digitization and economic uncertainty, Veriff’s Senior Director of Fraud Prevention and Experience, David Divitt, outlines key online fraud trends to watch today.

Every year sees new threats to online safety emerge, especially for young people. It’s neither possible nor desirable to exclude children and teenagers from the digital world, so Veriff’s solutions focus on ensuring only verified and approved users can access services.