The meteoric rise of Buy Now Pay Later (BNPL) platforms — estimated to become a $200 billion industry by 2024 — has resulted in a surge of cyberattacks, with fraudsters attempting to exploit the technology. Without the right security measures in place, BNPL providers will not only be exposed to potential losses, but may also miss out on the cost savings and ROI that come with secure transactions. As such, it is essential that BNPL providers take the necessary steps to protect their platforms and ensure that they are able to take full advantage of the industry’s potential.
It may seem difficult to keep on top of the fight against fraud in a way that is sustainable, but there is a surefire way to achieve long-term deterrence against these attacks.
In Top 5 Fraud and Security Steps for Buy Now Pay Later Platforms, you’ll discover:
- The 4 biggest threats to BNPL platforms and
- How to protect against the worst threats to boost cost savings and ROI
- 5 necessary steps to effectively ward off attackers and ensure the safety of your customers
- The key to fighting fraud while maintaining a great UX and enabling your business to increase customer trust and loyalty
