- “Javelin Strategy and Research report published this month, Protecting Digital Innovation: Emerging Fraud and Attack Vectors.
A copy of the report can be downloaded here
- The survey’s results are noteworthy because they reflect how AI and machine learning-based fraud prevention techniques are helping retailers, financial services, insurance and restaurants to reduce false positives that in turn reduces friction for their customers.
- Retailers, financial institutions, restaurants and insurance companies need to invest in fraud mitigation at the same rate as new product innovation, with retail and banking leading the way.
- Using AI-based scoring techniques to detect stolen credit card data being used online or in mobile apps dominates financial institutions’ priorities today.”