Who Run the World? (Girls)
In 2019, the number of mobile phone users worldwide is forecast to reach 4.68 billion. For 90% of these individuals, online shopping is one of the top ways they use their mobile devices. What may be lesser known to these consumers, is the rate at which mobile fraud has increased in recent years. Fraudulent activities on shopping apps have cost the e-commerce industry $275 million as of Q1 2018, putting customers and retailers alike at risk. A Gartner report indicates that by 2019, mobile malware will amount to one-third of total malware reported in standard tests.
2018 was an exciting year for us at Forter. Our network has seen immense growth: 150 million people known to the system, 1.4B active devices, and major growth in consumer activity in countries around the world. There have been substantial advancements in the payments industry as well. The manner in which consumers are shopping is changing, and retailers are shifting from brick and mortar to digital, while blending their offerings to enable an omni-channel experience for their customers.
The time has come. The final days of 2018 are drawing to a close, and that means it’s time for Forter’s year-end wrap up. 2018 has been an exciting year, with much growth and development in the online payment industry. Here are some of the most memorable highlights:
Here at Forter, we dug into our data on fraud attack rates during Black Friday and Cyber Monday 2018, comparing rates to annual averages, to find out what items are on fraudster wish lists this year. Here’s what we found:
Experts from across the globe gathered at The Venetian in Las Vegas for Money 20/20, to discuss financial fraud and the future of the payments industry. Forter's CEO, Michael Reitblat, spoke at the event, addressing the importance of Artificial Intelligence (AI) and the role it plays in streamlining fraud prevention for payments companies, banks, and financial institutions, and how it should be leveraged in the future.