Fraud Detection And Prevention Market Is Expected To Reach USD 62.70 Billion By 2028
San Francisco, 1 June 2021: The Report Fraud Detection And Prevention Market Size, Share & Trends Analysis Report By Solutions, By Component, By Services, By Application, By Organization, By Vertical, By Region, And Segment Forecasts, 2021 - 2028 The global fraud detection and prevention market size is expected to reach USD 62.70 billion by 2028, registering a CAGR of 15.4% over the forecast period, according to a new report by Grand View Research, Inc. Rise in incidences of mobile payment frauds, phishing, and card frauds, and their subsequent impact on businesses and resultant financial losses are anticipated to drive market growth over the forecast period. Digital transformation is the new buzzword, as businesses transform the way they interact with their customers. However, increased digitization has also exposed businesses to online frauds and scams. Thus, to mitigate these frauds, while securing customer as well as b...