Ping Identity’s infographic highlights that global bank fraud losses reached $485.6 billion in 2023, with deepfakes and bot attacks emerging as major threats. Fragmented fraud prevention leaves banks vulnerable, costing billions annually. The guide advocates unified identity and fraud management to integrate detection, response, and prevention through no-code orchestration and real-time decisioning. It outlines three steps: stopping fraud during login via bot detection, securing post-login transactions with AI analysis, and unifying risk signals across teams. Ping Identity’s platform protects 9 of the top U.S. banks, managing 8 billion identities globally to prevent ATO, APP, and deepfake fraud.

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