The State of Fraud

Looking Back on 2021

From fraud in online marketplaces, phishing attacks, social media scams, exploiting the US’s Paycheck Protection Program (PPP) with synthetic identity fraud or stealing billions in cryptocurrency, fraudsters were busy in 2021 in the United States and around the world. Unfortunately, based on recent trends, the threat of cyberattacks, identity theft and fraud is expected to continue into the new year (and beyond).

Companies must have the right technologies in place to detect fraud while also complying with anti-money laundering regulations. With the rising threat of fraud, it will be more important than ever for companies in all industries to ensure they have a complete identity proofing platform that includes identity verification, Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions to ensure trustworthy customers, protect consumer privacy and prevent fraud and financial crime. 

Want to learn more? Download our new State of Fraud Report to see the different types of fraud that happened in 2021 and the trends to expect in the coming year(s) 


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