Future-Proof Protection Against Evolving Payment Fraud Attacks
Payment fraud is a lucrative business for cybercriminals, causing billions of dollars’ worth of annual losses to businesses around the globe. Many businesses tolerate fraud losses as a ‘cost of doing business’ in the digital age, fearing that more robust security measures will introduce friction and negatively impact conversion rates. Unfortunately, this perpetuates the problem by providing the financial incentive for fraudsters worldwide. Organizations need a smarter approach that can help them strike an optimal balance between user experience and defend against large-scale fraud and abuse.