Online criminals are constantly searching for new ways to successfully exploit digital payment platforms, and they are growing increasingly more sophisticated in their methods and capabilities. Amid data breaches, phishing attacks, and expansive dark web marketplaces, fraudsters have more direct access than ever before to the tools and information they need to commit online fraud. Given the fluidity of the online payment ecosystem, and the growing effectiveness of attackers, it is increasingly vital for fraud prevention professionals to have a clear understanding of the trends, movements and techniques in the world of online fraud.
To effectively combat these criminals, it is important to know how they work, where they work, and which of their methods of attack are most successful. This report analyzes the current patterns in the fraudster ecosystem to help merchants better understand and prepare for the attacks they are seeing or are most likely to face.
We dug into Forter’s proprietary data to surface key trends and insights over the past year. After reading the Fraud Attack Index you will:
- Learn about the state of the online fraud ecosystem and how to combat fraud attacks
- Examine fraud rates and the top fraud challenges across industries
- Understand the prevalence of specific fraud methods, beyond the point of transaction
- Explore the various techniques employed by today’s cunning fraudsters