of companies surveyed confirm fake users are a problem; 44% report them as a significant problem.
of survey respondents say their organization will choose smooth and easy registrations over security.
On average, companies surveyed reported a user base of 19 million registered users. They also estimated 10% of those users are fake.
Large organizations spend as much as $14M to respond to malicious acts from bad actors.
IF A COMPANY DOES NOT STOP THE GROWTH OF FAKE USERS, THE VALUE OF THE USER BASE COULD DECLINE BY AN AVERAGE OF 47%. WITH THE AVERAGE VALUE AT $117 MILLION, THE DECLINE WOULD BE ABOUT $55 MILLION.
However, investments in creating a secure ecosystem can increase the value of your user base and protect your users from fraud.
The majority agree a phone number is enough to stop fraudulent registrations and protect account access.
agree the effective use of users' mobile identities to ensure a verified user is essential to their organization's competitive positioning.
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