2023 State of fraud management across the business landscape

2023 State of fraud management across the business landscape

Online fraud is a fast-growing and pervasive crime.

• Fraud victims lost nearly $8.8 billion to fraud in 2022.
• 27% of global companies have suffered a data breach in the past three years, at a cost of between $1M and $20M USD.
• 422 million people were affected by a data breach, leak of PII information or exposure in 2022.
• ChatGPT and other generative AI now make it easier than ever to create convincing phishing lures using deepfake video, audio, or written form.

Fortunately, advances in fraud prevention make it fast and easy to flag and block potential fraud without creating more friction in the customer experience.

Now you can reduce buyer friction as well as fraud, all while protecting your brand and building consumer trust.

Discover modern approaches to fraud prevention.