A global survey conducted by Regula together with Sapio Research company from December 2022–January 2023 has revealed that the impact of identity fraud varies for organisations in the Financial Services industry, based on whether they belong to the Banking or FinTech sector.
Specifically, every fourth bank reported experiencing over 100 identity fraud incidents in the past year (26% of organisations), which is lower (17%) for the FinTech sector.
