THEFraud Attempt IndicatorSerasa Experian, the first and largest datatech in Brazil, recorded in August the second highest number of prevented incidents so far, thanks to its anti-fraud technologies. The amount represents a 7.7% increase compared to the same period in 2023, and the monthly frequency was one occurrence every 2.6 seconds across the country. See the survey of the last 12 months in the following chart
THEIndicatoryet It highlights that, in August, 55.4% of the prevented fraud attempts were identified through inconsistencies in registration data; 31.8% through fraudulent patterns related to document authenticity and biometric validation; and 12.7% by suspicious behaviors on devices, such as previous associations with fraud.
“The increase in fraud attempts prevented in July and August shows that, despite criminals adapting to new technologies, the layers of protection adopted by companies have been effective in identifying and preventing these occurrences. This highlights that there is greater security being provided to consumers who, in turn, by increasing awareness of precautionary measures to avoid falling victim to fraud, are also increasingly helping to combat scams,” says Caio Rocha, Director of Authentication and Fraud Prevention at Serasa Experian.
In the sector view of prevented frauds, "Banks and Cards" continued to be the segment with the most records in August (53.4%) and "Retail" the segment with the lowest recurrence (2.6%). Regarding ages, the highest incidence of fraud attempts in August occurred among citizens aged 36 to 50 years (33.2%). Check the breakdown by sector and age group
Southeast and South lead fraud attempts
In August, the Federal Units (FUs) with the highest concentration of fraud attempts were the South and Southeast. In the breakdown by annual variation, the indicator shows that Mato Grosso still has the highest percentage (10.8%) and Amazonas the lowest (3.9%). See below the graph with the quantities of avoided state occurrences and the table with the annual variation
Attempts per million inhabitants
In August, theIndicatorIt also presented the view that there were 4,888 fraud attempts per million inhabitants in Brazil. In the ranking by states, the Federal District led, followed by Mato Grosso, São Paulo, Santa Catarina, Paraná, and Mato Grosso do Sul. Check out the full list with the numbers below:
Avoid fraud: see tips from Serasa Experian experts to protect yourself
Consumers:
· Ensure that your documents, cell phone and cards are safe and have strong passwords to access applications;
Be wary of offers for products and services, such as travel, with prices significantly below the market. At these moments, it is common for cybercriminals to use the names of well-known stores to try to invade your computer. They rely on emails, SMS, and website replicas to attempt to collect information, credit card data, passwords, and the buyer's personal information.
Be careful with links and files shared in social media message groups. They can be malicious and direct to unsafe pages, which infect devices with commands to operate without the user's awareness;
· Register your Pix keys only on official bank channels, such as banking apps, Internet Banking or branches;
· Do not provide passwords or access codes outside the bank's website or application;
· Do not make transfers to friends or relatives without confirming by phone or in person that it really is the person in question, as the person's contact may have been cloned or falsified;
· Only include your personal information and card details if you are sure that this is a secure environment;
· Monitor your CPF frequently to ensure that you have not been a victim of fraud.
Companies:
Invest in fraud prevention technologies to protect the integrity and security of your company's operations.
· In an increasingly digital and interconnected business environment, where fraud evolves and expands rapidly, layered fraud prevention is not just a good practice, but a strategic necessity;
· Ensure the quality and veracity of data from fraud prevention solutions using solutions that are constantly improved in the face of changes and fraud threats;
· Deeply understand your user profile and constantly seek to minimize friction points in their digital journey, ensuring a fluid experience without compromising security.
· Use fraud prevention as a lever to generate revenue, implementing an intelligent orchestration of solutions that maximize security, reduce losses and enable a more agile and reliable shopping experience for the customer.
Methodology
The Serasa Experian Indicator of Fraud Attempts – Consumer is the result of cross-referencing two sets of information from Serasa Experian's databases: 1) total number of CPF inquiries made monthly at Serasa Experian; 2) risk estimate of fraud, obtained through the application of probabilistic fraud detection models developed by Serasa Experian, based on Brazilian data and Experian global technology already established in other countries. The Serasa Experian Indicator of Fraud Attempts – Consumer is composed of the multiplication of the number of CPF inquiries (item 1) based on the probability of fraud (item 2), in addition to the volume of fraud attempt records registered by the company related to document verification, facial biometrics, and registration verification.
