Fighting Payments Fraud: No Rest for the Weary
- Date:December 12, 2018
- Research Topic(s):
- Commercial & Enterprise
- Global
- PAID CONTENT
Overview
In a new research report, Fighting Payments Fraud: No Rest for the Weary, Mercator Advisory Group provides up-to-date insights and data on key trends in data breaches and fraud threats and attacks as well as techniques for their prevention and mitigation. Payments fraud is one major symptom of the broader issue of cybercrime, but it can be controlled or minimized somewhat independently through planning, investing in monitoring and detection, and vigilance — in effect a relentless offensive and defensive counter to the myriad, ever-present, and growing chart of global threats.
“One does not have to look back very far to uncover some example of a major data breach since breaches occur so often (for example, the recently disclosed global hotel chain incident) leaving potentially mountains of personally identifiable information (PII) exposed to the bad guys,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, author of the report. “Payments fraud is a direct symptom of this broader criminal cyber threat, since once a data breach occurs, fraudsters have opportunity to utilize the information necessary for carrying out various strategies to transfer value and wealth.”
This research report is 19 pages long and contains 7 exhibits.
Companies mentioned in this report include: Accertify, ACI Worldwide, The ai Corporation, Alert Logic, Axoni, BehavioSec, BlockCypher, BlueSnap, Bottomline Technologies, Chain, Cisco, CyberSource, DataRobot, Equifax, Evernym, Experian, Feedzai, FICO, First Data, FIS, Fiserv, Forter, GIACT, IBM, Identity Guard, Kount, LexisNexis, Marriott, Microsoft, MindBridge, NICE Actimize, Ponemon Institute, Punjab National Bank, Ravelin, RSA, Sift Science, Signifyd, Sophos, SWIFT, Symantec, ThreatMetrix, Trend Micro, TSYS, Visa, and Worldpay.
- Discussion of the growing list of global cyber threats
- Detailed review of causes and costs of data breaches, and how they filter into downstream payments fraud
- A breakdown of recent survey data on the types of payment fraud and root causes of the problem
- Analysis of the trends in fraud prevention and mitigation, including vendor solutions for various use cases
- Discussion of the technology expected to improve fraud prevention
Learn More About This Report & Javelin
Related content
The Virtual Economy: Measuring Buyer Industry Receptiveness to Using Virtual Cards
Virtual cards are a fast-growing force in business-to-business payments, but adoption remains uneven across buyer industries. This report analyzes 147 U.S. industries using a compo...
AI in Commercial Payments: Do Payables Bots Dream of Dynamic Discounts?
AI’s transformative effects are becoming evident in how businesses source and buy things. The growing use of AI—predictive, generative, and agentic—across the source-to-settle valu...
Bots in the Back Office: Agentic AI and Commercial Payments
Agentic artificial intelligence stands to reshape commercial payments, from sourcing to settlement. Accordingly, banks, enterprise resource planning providers, and fintechs would b...
Make informed decisions in a digital financial world