Outseer™ Fraud & Payments Report: 1H 2022
Nov 14, 2022
The 1H 2022 Outseer™ Fraud & Payments Report features insights from the Outseer Global Data Network™ used by the Outseer Intelligent Platform™ while authenticating billions of consumer transactions.
A few highlights from the 1H 2022 Report:
- EMV® 3DS® showed continued strong growth in 1H 2022: Outseer 3-D Secure™ protected over $110 Billion in payments volume, and saw a 34% increase in transactions vs. 1H 2021.
- Outseer observed a 277% global increase in the number of merchants using EMV® 3-D Secure between January-June 2022.
- Scams resulting in Authorized Push Payments (APP) fraud is on the rise with 75% of online banking payments fraud originated from a trusted account and trusted device.
- 87,000 attacks were detected by Outseer FraudAction™ team; this equates to an average of almost 20 attacks detected every hour!
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