The need for fraud prevention in the digital world is critical now more than ever. Why? Thinking about your own behavior, consider how you complete transactions and how this has changed over the last 5 years.
Date published
October 8, 2022
Company
AtData
Why focus on fraud prevention now?
The need for fraud prevention in the digital world is critical now more than ever. Why? Thinking about
your own behavior, consider how you complete transactions and how this has changed over the last 5
years. The changes you’ve made in your transactional habits are the same changes happening across the
board in all industries, especially in financial, retail, and hospitality. Why is this happening?
There are 3 primary reasons:
• Young adults are extremely comfortable with digital transactions
• During the pandemic, baby boomers shifted to a more digital transaction experience (banking,
grocery shopping, etc)
• The proliferation of mobile devices – they’re easy to use, accessible, and have vast capabilities that
are constantly improving.
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