MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–DataVisor, the leading fraud detection company with solutions powered by transformational AI technology, today reveals an infographic on Business Wire displaying their Global Digital Fraud Trends Report 2021 after analyzing 128 billion events and more than 2 billion users.
In 2020, Datavisor saw a number of trends revealed in the fraud landscape. Here’s a look at what we’ve learned and how to move forward with caution in 2021.
The events of 2020 created no shortage of challenges for fraud teams. With quarantines and lockdowns looming for much of the year, millions of consumers turned to digital channels to purchase items and conduct business, opening up new opportunities for fraudsters. Online spending reached more than 18% of total retail sales in the first two quarters of 2020, up from 14.1% in 2019.