The True Cost of Fraud In The Baltic States

LexisNexis Risk Solutions • August 12, 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 Europe, the Middle East, and Africa (EMEA) and daily life grows more digitized, cybercriminals see more opportunities to exploit both consumers and businesses. Across the region, more than half of the respondents surveyed reported an increase in fraud (by 6% or more) over the last 12 months. However, even as organizations increase their investments in fraud prevention solutions, criminals continually introduce new, more sophisticated fraud methods (e.g., synthetic identities) to circumvent these solutions.

Download this latest study to find out more about:

The true cost of fraud in the Baltic 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.