Page 26 - Cyber Defense eMagazine March 2024

A Consolidated Approach to Fraud: Bringing

Together Risk Insights, Organizations and

Technology

By Kimberly Sutherland, vice president, fraud and identity strategy, LexisNexis® Risk Solutions

Digital fraud has seen a substantial increase in recent years, mainly due to the sharp rise in digital
transactions. The proliferation of various digital channels and payment formats, including those employed
for in-store purchases as consumers return to physical shopping locations, has provided added
convenience for consumers and enhanced flexibility for businesses.

Nevertheless, fraudsters are keeping pace and have devised new methods to target both consumers and
businesses with progressively sophisticated fraud attacks. Their operations have evolved into intricate
networks, where every piece of information is interconnected, forming a valuable link in a vast global
chain.

Cyber Defense eMagazine – March 2024 Edition 26
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