On 23 November, Professional Security Magazine Online reported that a new report from a data intelligence company GBG says that its State of Identity 2020 report found that a ‘trust gap’ may be widening between businesses and consumers, as identity theft becomes prevalent and businesses become over-confident. 2020 due to the pandemic has seen new cohorts of customers join the digital economy: a third of consumers aged 75 or older signed up to a new online account this year, for example. GBG suggests that the public has become more concerned about fraud as a result of Covid-19, and despite many instances of over-confidence, businesses feel unprepared for emerging threats such as ‘social engineering’ and ‘synthetic identity fraud’ (whereby a criminal combines real and fake information to create a new identity).
The report is at –
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