The strongest factors propelling the demand for fraud detection and prevention solutions are the rising adoption of artificial intelligence (AI) and machine learning (ML) to mitigate fraud, increasing need to counter mobile frauds, surging number of the elderly being phone-scammed, and escalating need to safeguard the online banking sector. Due to these factors, the fraud detection and prevention industry value, which stood at $20,614.4 million in 2018, is projected to witness a 15.1% CAGR during…
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