Definition
The misuse of personal data to impersonate someone.
Context
Identity fraud is often linked to cyber fraud, social engineering, and insufficient know your customer (KYC) processes. It is particularly relevant in digital business models, financial services, and e-commerce environments where identities are verified remotely.
Meaning
Leads to financial losses, reputational risks, and regulatory consequences and requires robust identity verification and monitoring mechanisms.
Example
Account opened using stolen ID.
Sources
Suggested citation
wirtschaftsforensik.ch Editorial Team: "Identity Fraud", in: Glossary, wirtschaftsforensik.ch, https://wirtschaftsforensik.ch/glossar/identity-fraud/, accessed April 18, 2026.