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Online fraud detection spend to hit $9.2 billion by 2020

16
Jun
2016
Online fraud detection spend to hit $9.2 billion by 2020

TnL_ART_Arrest-Credit-Card-Fraud_HD

eCommerce merchants and financial institutions will be investing heavily in online fraud detection solutions over the next five years, with annual spending reaching $9.2 billion by 2020, up by 30% on current levels, according to Juniper Research.

According to the research, fraudsters now perceive mobile payment channels to be particularly vulnerable (and therefore attractive targets) as many organizations have yet to apply the same levels of protection to mobile as they have to desktop transactions.

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