Fraud Detection & Prevention Market To Witness Significant Growth Of $56.56 Billion With An Impressive CAGR Of 18.9% By 2025: Grand View Research Inc. – Press Release – Digital Journal
Fraud Detection & Prevention Market To Witness Significant Growth Of $56.56 Billion With An Impressive CAGR Of 18.9% By 2025: Grand View Research Inc. – Press Release – Digital Journal
Fraud Detection & Prevention Market To Witness Significant Growth Of $56.56 Billion With An Impressive CAGR Of 18.9% By 2025: Grand View Research Inc. – Press Release – Digital Journal
“”Grand View Research, Inc. – Market Research And Consulting.””There has been an exponential rise in the incidences of cyber frauds and cyberattacks globally, majorly targeting industries such as BFSI and government agencies, which has provided numerous avenues to the #fraud detection and prevention industry for the purpose of minimizing or mitigating this issue, as stated in a study by Grand View Research.The global fraud detection and prevention #market size is anticipated to reach USD 56.56 billion by the year 2025, expanding at a CAGR of 18.9% during this period, as per a report by Grand View Research, Inc. The large-scale technological advancements coupled with increasing penetration of the Internet have created avenues for criminals to commit such attacks for personal gains. There is a growing concern across industries to curb threats and financial losses stemming from cyber scams such as Distributed Denial-Of-Service (DDoS), ransomware, and malware. This has led to organizations increasingly deploying measures of fraud detection and prevention to minimize, or mitigate the risks posed by hackers to their businesses. The growing awareness of attacks is expected to enable individuals and enterprises to understand, address, and diversify their risk strategies. Fraud detection acts as the first line of defense in curbing cyberattacks, while also enabling organizations to strengthen their data privacy, customer due diligence, compliance policies, cyber analytics, and fraud monitoring, along with customer identification, authentication, and risk assessment
Hugh Taylor
Hugh Taylor is a Certified Information Security Manager (CISM). In addition to editing Journal of Cyber Policy, he writes about cybersecurity, compliance and enterprise technology for such clients as Microsoft, IBM, SAP, HPE, Oracle, Google and Advanced Micro Devices. Prior to launching his freelance writing career, he served in executive roles at Microsoft, IBM and several venture-backed technology startups.