Perseuss recently conducted a study, asking fraud experts from around the world to share their opinion on relevant and current topics they deal with in their everyday work life. By combining the shared thoughts and experiences, Perseuss created a valuable insight into the fraud prevention landscape.
We live in the Digital Age. Technology has pushed the limits of what we thought we could do over and over again. It has improved our lives but also poses new challenges, as not only the good guys learn, improve and innovate, so do the bad guys. Therefore, fraud prevention keeps getting more complex.
Every company deals with fraud in their own way, so it is interesting to get an impression of how the experts think about different subjects. To do that, ten different statements were selected by Perseuss. The topics ranged from new technologies and friendly fraud to false rejections and credit card verification.
The fraud experts were asked if they agreed with the statements or not and if they could explain their choice. The topics triggered very diverse responses, showing that there is a big diversity in fraud issues and therefore also in prevention strategies. Additionally, the adaption of new technologies used in fraud prevention tools is very different between respondents. That means that some companies can still learn a lot from peers, just by exchanging experiences. Therefore, cooperation is an important theme. Not only amongst merchants but also including banks and schemes.
It’s important to keep discussions on these themes alive, as the fraud prevention landscape keeps evolving. If there is one thing we can all agree on, it’s that fraud is an ever-changing creature that is very hard to tame and even harder to permanently exterminate.
Below you’ll find an infographic with a summary of the results. Would you like to learn more? Visit https://www.perseuss.com/news/fraud-report-2019 to read the complete report.