Online trust needs to be restored, as evidenced by a recent increase in fraud losses to over $5 billion. Gartner’s recent Market Guide for Online Fraud Detection notes three key findings that anyone involved with security, fraud, compliance, or executive management should know:
To address continued challenges in balancing the need for improved security against user experience frustration, Gartner recommends three primary actions:
Gartner encourages fraud and security leaders to create environments of “trust and safety” for customers. They also note that newer technologies used to analyze and detect online fraud can be more effective at lowering and preventing fraudulent activity online. Security and risk management leaders need to focus on creating a trusted ecosystem and seek deeper authentication solutions to improve customer experiences.
BehavioSec is a pioneer in behavioral biometrics to detect and stop fraudulent transactions in real-time. Our deep authentication solutions have helped many Global 2000 banks and other firms restore online trust while lowering costs and complexities. The Gartner Market Guide for Online Fraud Detection provides a detailed look into the growing technology of machine learning analytics and behavioral biometrics, which forms the foundation of the BehavioSec platform.
Download the full report to learn about:
Market and risk vectors
Types of online fraud attacks
BehavioSec Behavioral Biometrics platform currently helps large global enterprises to continuously authenticate digital identities across billions of mobile and web app transactions while complementing legacy authentication and risk management tools.
Gartner, Market Guide for Online Fraud Detection, Jonathan Care, Tricia Phillips, 31 January 2018. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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