The Challenges of Online Fraud: Top Trends in AI & Fraud Prevention

According to the 451 Group, over the next three years e-commerce will grow at more than six times the rate of in-store sales to reach $5.8 trillion by 2022. With merchants and retailers focusing the bulk of their business and marketing efforts on their digital stores and strategy, online payment fraud and account abuse are similarly experiencing an uptick in activity. In fact, according to Forter, fraud attacks against online apparel and accessories merchants grew by 47% from Q4 of 2017 to Q4 of 2018.

Continue reading “The Challenges of Online Fraud: Top Trends in AI & Fraud Prevention”