We have been cited in Forrester’s 2016 Vendor Landscape: Mobile Fraud Management Solutions report, and listed as having nine out of a possible 10 capabilities needed to tackle mobile fraud. We were also cited as having one of the highest total fraud management revenue in 2015, between US$200M and US$250M. Only one other vendor in the report was cited with revenue over US$200 million.
The report also highlighted our use of identity data analysis on mobiles, which can detect when a fraudster is applying for an account from their device by comparing the details of the application and user information with the information and behaviour noted about the device itself. It can also detect if the same mobile device, or group of devices, is attempting to open multiple accounts.
According to Forrester, US mobile commerce for both phones and tablets is set to top an estimated US$252 billion by 2020, while mobile payments will exceed an estimated US$141 billion in 2019. The report notes that in order to protect customers and safeguard firms, it is imperative that security and risk professionals adapt to the mobile fraud attacks.
A complimentary copy of the June 2016 Forrester report, by analyst Andras Cser, is now available by clicking here.
Our capabilities are specifically designed to deliver comprehensive online fraud management that can be deployed quickly to shut out fraud attacks before they happen, while providing a safe, hassle-free experience for consumers. Learn more about our fraud and identity business by clicking here.