How Device Intelligence Detects Fraud Without Using Personal Data
Fraud tactics now evolve on an hourly cycle. For banks, fintech, digital lenders, and payments players, the question isn't whether rules still help - it's whether they adapt fast enough. Recent numbers from Alloy's 2024 Financial Fraud Statistics underscore the shift: over 50% of surveyed institutions saw business fraud rise, two-thirds reported higher consumer fraud, and generative AI could drive $40B in bank losses by 2027. It's no surprise that more than half are raising third-party spend, with three in four prioritizing identity risk capabilities.