Identity fraud losses surged 19% in 2024, reaching $27.2 billion, according to data from Javelin Strategy & Research. Yet nearly half of financial institutions allocated less than $50,000 to fraud prevention. This whitepaper from Javelin, sponsored by Galileo, examines the critical gap between fraud threats and prevention budgets, revealing why organizations struggle to adopt essential tools like decision engines and real-time fraud solutions. Discover the anti-fraud technologies that deliver maximum impact and practical strategies for building comprehensive fraud detection within realistic budget constraints.

You'll learn:

• Why critical fraud tools remain underutilized despite surging losses

• Details on the most important fraud threats

• How to build comprehensive fraud detection and prevention systems