We outline the market outlook for fraud protection in consumer and retail — from investment trends and leading companies to recommendations for players in the space.
What is fraud protection?
Companies in this space offer software-as-a-service (SaaS) for anti-fraud and chargeback prevention technologies. This technology uses behavioral analysis and machine learning to verify a customer’s identity to prevent account hacking and fraudulent transactions.
Features & capabilities
Fraud protection solutions provide consumer and retail leaders with a number of capabilities, including the following:
- Advanced machine learning and device data collection
- Real-time risk assessments
- Customer portals and visualizations
- Risk scoring