Image courtesy of The Paypers
Research from Arkose Labs' 2022 State of Fraud and Account Security report documents an 85% year-on-year jump in online fraud across more than 150 billion transaction requests in 254 countries, underscoring how the pandemic's acceleration of digital commerce has created unprecedented opportunity for cybercriminals. The piece argues that combating this tide requires both technological solutions — such as adaptive authentication — and legislative measures like the EU's Strong Customer Authentication requirements. Arkose Labs' data is cited as a key benchmark illustrating the scale of the problem facing digital-first businesses.
