How Axis Bank Prevents Identity Fraud With Video-Based Onboarding
PYMNTS
SEPTEMBER 24, 2020
Fraud Threats To Digital Banking. Another threat is identity fraud, in which bad actors will either steal an individual’s identity or forge a new one, and then use it to open new accounts or apply for fraudulent loans they have no intention of paying back. Identity fraud accounted for $16.9 Shetty explained.
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