1 / 6

Analysis of Fraud Detection and Prevention Market by 2027

Fraud Detection and Prevention (FDP) Market Growing use of smartphones and digital payment applications to complete daily tasks will boost the market share. The current generation is increasingly embracing the digital era, thereby fueling the threat of cyberattacks.

Sh_23
Download Presentation

Analysis of Fraud Detection and Prevention Market by 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Analysis of Fraud Detection and Prevention Market by 2027 • Fraud Detection and Prevention (FDP) Market Growing use of smartphones and digital payment applications to complete daily tasks will boost the market share. The current generation is increasingly embracing the digital era, thereby fueling the threat of cyberattacks. • Moreover, ransomware attacks cost companies over USD 75 billion every year. This scenario has prompted organizations to use smart software solutions to enhance their firewall capabilities. Global fraud detection and prevention market size will exceed USD 100 billion by 2027. • Internal frauds will hold around 40% of global FDP industry share by 2027. These frauds take place when an employee commits data breach against the company they work for. Such frauds are rising at a worrying rate because employees have a clear idea of the loopholes in the IT infrastructure of their organization and can manipulate the system for their personal gains. Global Market Insights Inc. © 2022 All Rights Reserved www.gminsights.com

  2. A 2020 report published by the Association of Certified Fraud Examiners (ACFE) stated that it analyzed 2,504 internal fraud cases from 125 nations. These cases were responsible for losses worth around USD 3.6 billion. The report further specified that the banking & financial services sector was the prime target of internal frauds as the industry accounted for 15.4% of the total fraud cases. • The banking sector will employ FDP services on a large scale, as this industry is one of the primary targets for hackers. Fraudulent activities conducted by bank employees or customers not only cause severe financial and data losses but also tarnish the reputation of banking institutions. • In 2020, the Federal Trade Commission (FTC) in the U.S. received 1.4 million identity theft complaints. In addition, these complaints formed 29% of all the grievances the FTC received that year. www.gminsights.com Global Market Insights Inc. © 2022 All Rights Reserved

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1775 Global Market Insights Inc. © 2022 All Rights Reserved www.gminsights.com

  4. This advanced technologies like machine learning are being introduced in FDP solutions to help the bank management identify a fixed pattern in a series of transactions carried out by an employee or a customer. These patterns will assist them in differentiating between the legitimate and fraudulent clients. • Global FDP market size from identity authentication solutions will showcase a notable growth during the forecast period of 2021-2027. Increasing incidents of identity theft have prompted companies to deploy smart software to authenticate the identity of a person trying to enter a confidential network. • Competitive Analysis • ACI Worldwide Inc., Avast Software s.r.o, Arbutus Software Inc., DXC Technology Company, Experian PLC, Fiserv, Inc., and SAP SE Make An Inquiry To Purchase This Report @ https://www.gminsights.com/inquiry-before-buying/1775 Global Market Insights Inc. © 2022 All Rights Reserved www.gminsights.com

  5. Latest Research Report On Fraud Detection and Prevention Market @ https://www.gminsights.com/industry-analysis/fraud-detection-and-prevention-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/1775 Request for customization: https://www.gminsights.com/roc/1775 Global Market Insights Inc. © 2022 All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

More Related