As fraud evolves, businesses are turning to data

In an era where convenience is king, the swift, seamless transactions that consumers and businesses now expect have been hitting a major roadblock: fraud. The scale of this problem is staggering. By 2028, global losses to online payment fraud are projected to reach a jaw-dropping $362 billion. The United States is expected to see the impact of this primarily in card-not-present (CNP) transactions like e-commerce payments, new research suggests. These aren’t just line items on a profit and loss statement; they represent breached trust, lost customers and damaged reputations for businesses.