Digital Fraud Tracker
PYMNTS Digital Fraud Tracker Oct 2018
The total value of loyalty rewards in accounts worldwide is a colossal $250B. However, as fraudsters dive into new ways of making a fast buck, loyalty programs are becoming an easy prey as they do not get the requisite attention for safety and investment.
With loyalty programs attracting a magnitude of account takeovers (ATOs) by fraudsters looking to use consumer-earned rewards to commit cybercrime, you can leverage the merits of AI and Machine Learning technologies to safeguard loyalty points and keep customer faith intact.
Discover more insights in the October Digital Fraud Tracker:
- Executive remarks re: loyalty ATO attacks and how to stop with AI & Big Data
- Other types of fraud faced by the loyalty industry, such as friendly fraud or promotion abuse
- How biometrics can be used to reduce account takeovers