True Cost of Fraud Study – EMEA

LexisNexis Risk Solutions • July 25, 2024

Digital channels now account for 52% of overall fraud losses, surpassing physical fraud for the first time.

As the adoption of digital services increases in the EMEA region, and daily life becomes increasingly digitized, cybercriminals are seeing more and more opportunities to exploit both consumers and businesses. In the region, more than half of the organizations surveyed reported an increase in fraud (of 5% or more) over the past 12 months. However, even as they increase their investment in fraud prevention solutions, criminals are continually introducing new, more sophisticated fraud methods (e.g. synthetic identities) to circumvent these solutions.

Download our latest study to find out more about:

The true cost of fraud in the EMEA region
Key challenges along the customer journey
Current gaps in anti-fraud solutions
The need for a multi-layered solution at every stage of the customer journey

For this study, LexisNexis® Risk Solutions asked Forrester Consulting to explore the cost of fraud in EMEA, the key challenges facing organizations, and the need to balance fraud management effectiveness and customer experience with customer education through a risk and data-driven approach.