According to the company, behavioural biometrics can help address this problem across all channels. The report also takes into consideration the growth of synthetic identities and open APIs, instant payments, and fraud prevention market leaders. Fraud is considered in air travel, digital banking, digital money transfers, purchases of digital goods, and purchases of physical goods.
The report informs that China will be the largest market for ecommerce fraud by region, with losses to of over USD 12 billion by 2025.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.