Signicat reports that the transaction phase represents 40% of all identity fraud attempts across the studied markets.
Over a third of UK identity fraud attempts occur during transactions ↗
What happened
- Businesses estimate that 19% of transactions they process and customers they onboard are fraudulent, per the release.
- Signicat's Head of Identity Proofing says classic identity fraud forms are still growing and that fraudsters use AI to scale them.
Why it matters to Signicat
- The release frames fraud as continuous, in-journey verification, aligning with Signicat's document IDV and authentication positioning; no product launch is named.
- Thought-leadership content with no product, customer or pricing disclosure; limited direct competitive impact.
Evidence from the source (4 quotes)
- “Businesses estimate that 19% of the transactions they process and customers they onboard are fraudulent.” source ↗
- “But we must not forget that classic forms of identity fraud are still growing,” source ↗
- “Identity fraud prevention must move towards continuous verified trust.” source ↗
- “Checks must run silently in the background throughout the entire customer journey,” source ↗
Fraud deepfake injectionAuthentication passwordlessEUDI wallet eIDAS 2Research reportThought leadershipUK IE
3 of 3 facts verified against the source · confidence medium · claude-haiku-5-5