Gartner® Emerging Tech: Security — Cyber-Fraud Fusion is the Future of Online Fraud Detection
Jul 07, 2024
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The future of online fraud detection lies in the fusion of cybersecurity and fraud prevention. By leveraging insights from the Gartner® report on Emerging Tech: Security — Cyber-Fraud Fusion is the Future of Online Fraud Detection, we believe product leaders can stay ahead of the curve, meet evolving market demands, and protect their businesses from sophisticated online threats.
Read the report for insights on:
- Market blurring: Vendors producing products for online fraud prevention and cybersecurity are increasingly blurring market lines with common use cases and technologies.
- Merging of teams: Forward-leaning organizations are beginning to merge teams, tools and processes used by cybersecurity and fraud prevention teams to break down operational silos and create a more comprehensive approach to combating online fraud.
- Integration of tools: Integrate with security tools deployed within technical infrastructure (such as content delivery network-based API inspection tools) to monitor user behavioral activity across the entire user journey. Combine this intelligence with use-case-based point-in-time inspection solutions from OFD platforms that look at anomalies and historic analytics.
According to Gartner, “Organizations worldwide have begun merging cybersecurity and fraud prevention teams. This trend will grow through the remainder of the decade. Product leaders must prepare now to lead this shift in positioning and portfolio, outcompete peers, differentiate in the market, and address buyer demands.”*
Get complimentary access to the Gartner report for recommendations on why product leaders should build long-term roadmaps for the merging of cybersecurity and fraud prevention teams by expanding beyond traditional online fraud detection (OFD) market offerings.
*Gartner Reports: Emerging Tech: Security — Cyber-Fraud Fusion is the Future of Online Fraud Detection, Dan Ayoub, Pete Redshaw, 7 September 2023. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.