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Fraud Detection And Prevention Market To Hit $100 BN By 2027, Says Global Market Insights Inc.

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The Street

By PR Newswire SELBYVILLE, Del., Dec. 15, 2021 /PRNewswire/ — The fraud detection and prevention (FDP) market is expected to surpass USD 100 billion by 2027, as reported in a research study by Global Market Insights Inc. The growing adoption of mobile phones and digital banking applications is proliferating the market growth. The growing instances of cyberthreats and money laundering across sectors are driving the need for FDP solutions. The rapid digitalization across sectors, such as fintech, healthcare, etc., has increased the frequency of cyberattacks. From the past few years, the fintech…

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