As uncertainty persists due to the COVID-19 pandemic, the war in Ukraine, international cyberthreats, inflation, and a looming recession, it is clear that the world has entered a new era of risk. These factors have created the perfect storm for rising fraud. In the past year, unauthorized digital account openings increased by 21%, while smartphone-related cyberattacks soared by 71%, reflecting a changing threat landscape impacting enterprises and consumers alike.
According to one global survey, nearly half of all respondents experienced fraud in the past 24 months, 3 compromising financial resources, personal data, and peace of mind with frightening rapidity. Recent research we have completed also reflects that “60% of Consumers Don't Believe Companies Do Enough to Protect Their Data as Demand for Security Grows".
Listen to the CEO of GBG Americas, Christina Luttrell, as she explains that, as a result, identity verification is a priority for organizations and government agencies that view it as a strategic differentiator that allows them to enhance the customer experience while improving their defensive posture at a critical time in this ISACA podcast episode.
To read the ISACA Journal article, Protecting Your Enterprise and Deterring Fraud in a New Risk Era, please visit: https://www.isaca.org/protecting-your-enterprise.
To listen to more ISACA Podcasts, please visit www.isaca.org/podcasts.