Fraud and Authentication Technology: Realigning Investments with Consumer Expectations
- Date:November 14, 2023
- Author(s):
- Suzanne Sando
- Report Details: 12 pages, 3 graphics
- Research Topic(s):
- Fraud & Security
- Fraud Management
- PAID CONTENT
Overview
Nearly half of businesses, across industries, spend less than $50,000 a year on fraud, authentication, and identity verification technology and tools, making it essential for vendors of these products to anticipate business needs and decision timelines by making the best possible case for the efficacy of their offerings.
This Javelin Strategy & Research report looks at what motivates businesses to invest in the relevant technologies, what consumers expect, and how vendors can position their products accordingly. For financial institutions, in particular, key factors behind a decision to acquire technology are cost, alignment with consumers’ needs, customization, a full demonstration of the solution’s value, and market competition.
Key questions discussed in this report:
- What are the main fraud prevention and authentication technology investment priorities for organizations across industries?
- How closely do the budgetary priorities of organizations align with consumer expectations as they relate to fraud and authentication technology?
- What do decision-makers identify as key drivers and deterrents for purchases?
Learn More About This Report & Javelin
Related content
The Hidden Enemy: Iran’s Cyberthreat to U.S. Banks
Disinformation is among the leading cyber risks predicted in the wake of the June 21 U.S. strikes on Iran’s nuclear program. On June 22, the Department of Homeland Security issued ...
Account Takeover: Static Authentication Enables Access Without Confirmation
Account takeover (ATO) is surging, and the problem is getting dimensionally worse. Banks that rely on outdated, one-time authentication and static identity verification strategies ...
Zero Trust Hinges on Cyber Strategy, Not Technology
Compliance will never equate to security, and zero trust will never hinge on technology. Zero trust is built and secured via a solid corporate culture and cybersecurity strategy th...
Make informed decisions in a digital financial world