Insights into the E-Commerce Fraud Detection Solutions Market Overview – Machine Learning Tools Have Significantly Changed the Way Fraud is Detected -…

DUBLIN--(BUSINESS WIRE)--The "E-Commerce Fraud Detection Solutions: Market Overview" report has been added to ResearchAndMarkets.com's offering.

This report provides a foundational framework for evaluating fraud detection technologies in two categories. The first category includes 18 suppliers that have been identified as implementing more traditional systems that monitor e-commerce websites and payments, evaluating shopping, purchasing, shipping, payments, and disputes to detect fraud.

The second category includes 37 service providers that the publisher has identified as specializing in identity and authentication often utilizing biometrics as well as behavioral biometric data collected across multiple websites to establish risk scores and to detect account takeover attempts and bots. Note, however, that companies in both of these categories are adopting new technologies and their solutions are undergoing rapid change.

Machine learning tools have significantly changed the way fraud is detected. Even as machine learning technology advances at a dizzying rate, so do the models that fraud detection platforms deploy to recognize fraud. These models can now monitor and learn from activity across multiple sites operating the same platform or even from data received directly from the payment networks.

This ability to model and detect fraud activity across multiple merchants, multiple geographies, and from the payment networks enables improved detection and inoculation from new types of fraud attack as soon as they are discovered. What is more important is that this technology starts to connect identity, authentication, behavior, and payments in ways never possible before.

E-commerce fraud rates continue to increase at a rapid rate, with synthetic fraud growing faster than other fraud types. It is time for merchants to reevaluate the tools they currently deploy to prevent fraud, commented Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service, co-author of the report.

Highlights of the report include:

Key Topics Covered:

1. Introduction

2. Determining the Cost of Fraud

3. The Business of Fraud

4. A Framework for Evaluating E-Commerce Fraud Detection Solutions

5. Selecting the Appropriate Tools

6. The Fraud Prevention Landscape

7. Conclusions

8. References

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/th2kms

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Insights into the E-Commerce Fraud Detection Solutions Market Overview - Machine Learning Tools Have Significantly Changed the Way Fraud is Detected -...