79 Digital Identity Stats Your Company Needs to Know in 2023
Mitek Systems (MITK) has released a report compiling 79 critical identity verification statistics for 2023, aimed at enhancing businesses' understanding of online fraud. According to the 2023 Javelin Strategy & Research Identity Fraud Study, identity fraud costs reached
- Identity fraud losses decreased by nearly 15% from 2022, indicating improved security measures in the financial sector.
- Mitek provides valuable resources for businesses to understand and combat identity fraud, potentially enhancing their market position.
- The report highlights actionable steps companies can take to safeguard operations, increasing customer trust.
- None.
Arming your company and customers with information about how online criminals operate helps deter fraud
Identity fraud resulting from scam losses hit
The guide covers everything from the level of threat and areas of greatest risk to actions every company can take to protect themselves and others. Examples:
- It takes less than 1 second to crack most of the passwords on the list of most popular passwords.
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Human error is the leading cause of serious insider data breaches, with
84% of organizations experiencing a security incident caused by a mistake. -
80% of financial services organizations have experienced a breach that was “likely related to authentication weaknesses.” -
The average cost of an authentication-related breach is
.$2.19 million
"Trust is more important than ever in today’s world,” said Mitek Senior Vice President
79 important IDV stats for 2023 is available today via the
ABOUT MITEK
Mitek (NASDAQ: MITK) is a global leader in digital access, founded to bridge the physical and digital worlds. Mitek’s advanced identity verification technologies and global platform make digital access faster and more secure than ever, providing companies new levels of control, deployment ease and operation, while protecting the entire customer journey. Trusted by
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View source version on businesswire.com: https://www.businesswire.com/news/home/20230413005285/en/
Media Contact
pr@miteksystems.com
Source: Mitek
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