- AU10TIX reports a 33% increase in "Repeater" fraud attacks from Q1 2024 to Q1 2025.
- Fraudsters use minor variations of digital assets to test detection systems before large-scale attacks.
- Consortium validation is crucial for identifying and preventing these new fraud tactics.
AU10TIX, a leader in identity verification and fraud prevention, has unveiled its Q1 2025 Global Identity Fraud Report, highlighting a 33% increase in "Repeater" fraud attacks compared to the previous year. Repeaters are subtle variations of digital assets, such as face pictures or document numbers, which fraudsters employ to evade detection before launching massive attacks across platforms.
The report reveals that these sophisticated tactics are powered by Fraud-as-a-Service (FaaS) toolkits, targeting sectors such as payments, cryptocurrency, and social media. A notable case involved 2,000 variations of a synthetic identity attacking multiple banking and crypto platforms. This case underscores the potential magnitude and rapid spread of these fraud operations.
AU10TIX stresses the importance of consortium validation as a vital method for detecting such fraud. This process involves cross-referencing data across various organizational networks to flag fraudulent IDs appearing in multiple forms. As traditional KYC methods prove vulnerable, a shift toward behavioral detection and consortium-based defenses is recommended.
AU10TIX continues to lead in fraud detection, utilizing advanced pattern recognition and real-time validation to combat these emerging threats. The company's efforts have already prevented over $24 billion in identity fraud, underscoring their commitment to maintaining secure digital ecosystems.
