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The world of fraud is evolving. In the years ahead, fraud growth will continue at a rapid pace, due to a number of factors:
- From e-commerce to online banking, more and more transactions are migrating online
- A growing base of global consumers and transactions will create new exposures
- A borderless global economy enables fraud across jurisdictions
- Activity from global crime rings, terrorists, and state-sponsored cyber attacks are on the rise
New fraud methods are evolving rapidly, fueled by emerging AI and machine learning technologies Businesses that deal with ongoing fraud must realize two important things:
- Existing processes and technology may not be enough
- The answer to fraud is not a single point solution Therefore, organizations will be tasked to do more — and to do it better and faster.
Download the Six Fundamental Truths About Fraud ebook to learn more.
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