New Account Fraud Solution Brief
Global businesses are seeing a prolific rise in fraudulent new account registrations. Account originations are the most attacked customer touchpoint on the Arkose Labs network, with a rise of 70% in bot-driven attacks over one quarter at the end of 2019. Traditional solutions not only alienate customers with a success rate as low as 65% among genuine users, but also fraudsters can easily trick the system into accepting bogus responses en masse. Businesses need an intelligent approach that combines efficient user experience with robust defense against new account fraud.