In today’s fast-paced digital world, identity fraud is no longer a distant possibility—it’s happening everywhere. With fraudsters leveraging sophisticated tools like deepfake technology and fraud-as-a-service platforms, businesses are under constant threat.
The numbers are alarming:
- $10.5 trillion in global fraud losses projected by 2025.
- In 2024, fraud attempts in Poland surged, with account takeovers up by 250%.
It’s not just a financial problem—it’s a challenge to trust, security, and growth.
The European Perspective: Poland in Focus
Europe is witnessing a sharp rise in identity fraud, with Poland becoming a hotspot:
- Fraud rates in Poland reached 3.7%, among the highest in Europe.
- National ID cards and tax documents are the most targeted assets.
This isn’t just about Poland. The rise of identity fraud spans industries:
Finance: Fraud losses in European banking grew by 137%.
E-Commerce: Fraud rose by 144%, driven by fake identities.
Cryptocurrency: Fraud attempts increased by 45% globally.
Why Should Businesses Care?
Fraud doesn’t just drain finances—it damages reputations, destroys customer trust, and impacts long-term growth. Every deepfake or fake ID submission weakens the fabric of digital trust.
Here’s how this looks globally:
Fraud is growing across regions—Europe’s 30% spike is especially concerning.
How Can Businesses Fight Back?
Adopt AI-Powered Tools
AI can detect complex fraud patterns. Motion biometrics, for instance, can identify deepfakes with precision.
Invest in Employee and Customer Training
Fraudsters often exploit human error. Equip your teams with the knowledge to spot phishing attacks and manipulation tactics.
Prioritize Compliance
Regulations like GDPR, KYC, and AML aren’t just legal requirements—they’re your first line of defense.
Looking Ahead: A Call to Action
Identity fraud is not just a challenge; it’s an opportunity to innovate. By investing in smarter tools, educating teams, and collaborating across industries, we can build a safer digital ecosystem.
How is your organization preparing for this growing threat?
Let’s share ideas, solutions, and insights—because tackling fraud is a shared responsibility. Please contact Nest2Move powered by Sodec Technologies®
References
1. 2025 Identity Fraud Report, Entrust Cybersecurity Institute.
2. 2024 Identity Fraud Report, Sumsub.
3. Cybersecurity Ventures: “Cybercrime to Cost the World $10.5 Trillion Annually by 2025.”
4. Sumsub Fraud Exposure Survey 2024.
5. Statista: “Fraud Rates Post-COVID-19 Pandemic.”
6. FinCEN: “Deepfake Fraud Alerts for Financial Institutions (2024).”
7. FBI Cryptocurrency Fraud Report (2024).
8. Banking Journal: “Trends in Banking and Identity Fraud (2024).”
9. European Markets in Crypto-Assets Regulation (MiCA).
10. Infosecurity Magazine: “Advanced Identity Fraud Techniques.”
