Outsmarting Payment Fraud in the Age of Automation

Payment fraud decapitates business growth—but before a company’s market opportunity even comes to a head, fraudsters hellbent on financial theft can attack vulnerabilities across on-site customer journeys, and across the internet, stealing data and funds, and putting online merchants at risk long before a login, transfer, or transaction even takes place.

Fraudsters have plenty of motive to snatch revenue when the probability of a payout is so high: last year, consumers spent $871 billion online with U.S. merchants alone, up 14.2% year-over-year. Between 2020-2021, average daily transaction volumes across Sift’s global merchant network rose in every industry, with the biggest surge in fintech at 121% growth YoY.

Order volumes shot up by about 24% in marketplaces, and 34% in travel & hospitality, signaling new fluctuations in demand for markets hit hard by the pandemic. And while volumes rose less dramatically in digital goods & services, on-demand, and retail, fraudsters follow growth and spend wherever it shows up—and the pool of potential victims gets larger by the day.

In this webinar, you’ll learn:

  • Payment abuse in the billion-dollar Fraud Economy, and the impact on interconnected industries
  • The rise in fraud attacks across different verticals, including fintech, digital goods and services, and marketplaces
  • The anatomy of a fraud ring: dissecting abuse tactics and technologies
  • How understanding fraudsters and deploying responses in real-time, can help you outsmart them

Your information will be used to contact you about our service and subscribe you to our direct marketing communications. You can, of course, unsubscribe at any time. Please see our Website Privacy Notice.