Understanding and Combating APP Fraud
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APP fraud is on the rise, and platforms like Zelle, Venmo and PayPal are prime targets. In fact, APP scam losses in the U.S. are projected to grow to $6.8 billion by 2027, making it one of the most common and fastest growing types of fraud today. This infographic breaks down key stats, emerging trends, and common types of APP fraud. Discover the challenges that financial institutions and consumers face in identifying and preventing APP scams, and explore the most effective strategies to fight them.
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DataVisor is the world’s leading fraud and risk management platform that enables organizations to respond to fast-evolving fraud attacks and mitigate risks as they happen in real time. Its comprehensive solution suite combines patented machine learning technology with native device intelligence and a powerful decision engine to provide protection for the entire customer lifecycle across industries and use cases.