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Fraud Detection and Prevention for Financial Services in the Right-Now Economy

White Paper Published By: Datastax
Datastax
Published:  Dec 27, 2018
Type:  White Paper
Length:  5 pages

The world is moving at an increasingly accelerated pace. In this new Right-Now Economy, the rampant spread of payments fraud remains one of the biggest challenges for e-commerce and financial institutions. The worldwide e-commerce market was valued at $2.3 trillion for 2017, and 2018 should see even more growth, and along with it, more fraud. In the US alone, the cost of e-commerce fraud rose from $10 billion in 2014 to roughly $19 billion in 2018.



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