• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Anti-Fraud Spending To Jump 22 Percent By End of 2022: Report

July 25, 2017

“Assessing the regional situation, Juniper Research says some areas are going to fall behind in the race for strong security.”

Spending on online fraud detection and prevention solutions will rise by 22 percent between 2017 and 2022, predicts Juniper Research. In a new report, the market research firm estimates that annual spending will reach a level of $9.3 billion by the end of the forecast period.Anti-Fraud Spending To Jump 22 Percent By End of 2022: Report

Juniper Research says concerns about security in the emerging Internet of Things will be a key driver of the growth, as will the emergence of 3-D Secure 2.0, the underlying security architecture of the Verified by Visa authentication service for digital purchases. Also contributing to the trend is the implementation of the European Union’s PSD2 regulations, which will encourage banks and various businesses to implement strong anti-fraud security.

Assessing the regional situation, Juniper Research says some areas are going to fall behind in the race for strong security. Latin America, India, and the MEA regions will account for only four percent of total online fraud detection and prevention spending in 2022, the market research firm says; and thus they will “become key targets for banking and payments fraud,” though regulatory and educational efforts could help to mitigate the danger.

Related News & Articles

Retail Card Chief Exec to Join IDEX Biometrics Board

Ford Launches Upgraded Version of SYNC Smart Car Platform

Apple Innovates on the Credit Card Concept with Biometric Security, Daily Cash Back

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • IDEMIA Brings Mobile ID to Missouri
  • Selfie-based Age Verification Emerges as Important New Digital Identity Market
  • Aiming to Extend Digital ID Beyond Air Travel, Onfido Acquires Airside
  • BIPA Plaintiff Drops Case After Reviewing FaceTec’s Privacy-focused Architecture
  • Apple Mobile Driver’s License Arrives in Georgia

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld