Gartner says, “Focus on Reducing the Total Cost of Fraud, Not the Fraud Rate.”

Payment fraud was already a persistent challenge for digital commerce businesses and financial institutions, but combating it has taken on greater urgency with social distancing in place. Consumers are making more online transactions, which in turn is driving more online fraud. A recent analysis by TransUnion found that risky transactions for e-commerce have increased 12% since COVID-19 was declared a global pandemic.1

According to Gartner, “In order to build an effective fraud detection strategy, fraud leaders must attempt to quantify how much fraud is costing their organization. This cost will lead to informed discussions about how much to invest in detecting and preventing fraud, and how best to align a fraud strategy to organizational goals.”2

Find out how to build a fraud detection strategy in this new report, “How to Create a Payment Fraud Detection Strategy at the Organizational Level.”

We believe, you will learn how to:

  • Reduce payment fraud by defining a forward-thinking fraud detection strategy
  • Optimize your fraud investments by developing a “total cost of fraud” model, and align it with organizational goals to determine tolerable fraud rates
  • Address fraud head-on by creating a cross-functional team that identifies the challenges and requirements faced by all stakeholders across your organization

Download the report today.

Register for the Gartner Webinar
For more information on how to assess the total cost of fraud, register for this upcoming webinar, “Leverage Gartner’s Insight for Assessing the Total Cost of Fraud in Your Payment Fraud Prevention Strategy.

  • 1

    TransUnion IDVision with iovation traffic analysis, March 11- April 28, 2020

  • 2

    Gartner, How to Create a Payment Fraud Detection Strategy at the Organizational Level, Akif Khan, 21 January 2020