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Online Payment Fraud: Market Forecasts, Emerging Threats & Segment Analysis 2023-2028: Market Trends & Strategies

Publisher Juniper Research
Published Jun 26, 2023
Length 54 Pages
SKU # JNRH19878230

Description

Juniper Research’s new report examines the Online Payment Fraud market landscape in detail; assessing current trends and factors shaping the market, such as increasing frictionless payments, the growth in SMEs requiring robust fraud prevention systems, and the use of AI and machine learning. The report delivers comprehensive analysis of the strategic opportunities for fraud detection and prevention providers within various markets; addressing key verticals and developing challenges, and how stakeholders should navigate these.

The research includes:

Key takeaways & strategic recommendations for stakeholders, including fraud detection and prevention providers, eCommerce merchants, and governments.
In-depth analysis of the online payment fraud market landscape.
Examination of key regulatory changes shaping the future of fraud detection and prevention solutions, as well as the effect of future operations.

Please note: the online download version of this report is for a global site license.

Table of Contents

54 Pages
1. Key Takeaways and Strategic Recommendations
1.1 Key Takeaways
1.2 Strategic Recommendations
2. Market Landscape
2.1 Introduction
2.2 Types of Fraud
2.2.1 First-party Fraud
i. Fronting
ii. Address Fronting
iii. Friendly Fraud
iv. Chargeback Fraud
2.2.2 Third-party Fraud
i. Identity Fraud and KYC (Synthetic Identity)
ii. Account Takeover
iii. Silent Fraud
2.2.3 Phishing
i. Phishing
ii. Whaling
iii. Pharming
2.2.4 Other Types of Fraud
i. Clean Fraud
ii. Affiliate Fraud
iii. Re-shipping
iv. Botnets
v. Triangulation
vi. Pagejacking
2.3 Physical and Digital Goods
Figure 2.1: Total Value of Fraudulent Transactions, Split by Segment, Global 2023-
2.3.1 Remote Physical Goods
Figure 2.2: Graph Showing Total Remote Physical Goods Fraud ($m), Split by 8 Key Regions, 2023
2.3.2 Remote Digital Goods
Figure 2.3: Graph Showing Total Remote Digital Goods Fraud ($m), Split by 8 Key Regions, 2023
2.4 Key Trends in Digital Fraud
2.5 Alternative Payment Methods
2.5.1 Payments: Changing Dynamics & Expanding Ecosystem
2.5.2 Online Banking
i. Online Banking Fraud
ii. Online Banking Fraud Prevention Solutions
2.5.3 BNPL
i. BNPL Fraud
ii. BNPL Fraud Prevention Solutions
2.5.4 CBDCs
i. CBDC Fraud
ii. CBDC Fraud Prevention
2.5.5 Cryptocurrencies
i. Cryptocurrency Fraud
ii. Cryptocurrency Fraud Prevention
3. Market Dynamics
3.1 Introduction
3.2 Future Challenges and Open APIs
3.2.1 Open Banking APIs
3.2.2 The API in the Machine
3.2.3 FAPI (Financial-grade API)
3.2.4 Open Banking, CIBA (Client-initiated Back Channel Authorisation) and Premium APIs
3.2.5 PSD2 Overview
3.2.6 PSD2 State of the Nations
Figure 3.1: Ravelin 3D S2 Statistics
3.2.7 RTS (Regulatory Technical Standards) Implications for Payment Service Providers
i. Fraud Detection
ii. Merger of Home Working, Personal Devices and Corporate Access
iii. Exemptions from SCA
iv. Implications
v. Regulation Differences
3.3 The Fintech in the Equation
3.3.1 Establishing Resilient Fintech Products
Figure 3.2: Visualisation Displaying the 10 Step Framework Process for Establishing Resilient Fintech Products
3.4 Consumer Behaviour and Bots, a Wealth of Opportunities for Fraudsters
3.4.1 Type of API Attacks
i. Unauthorised API Requests
ii. Unauthorised Modification of Request Or Token Responses
iii. Unauthorised Token Use
iv. Exposure and Modification of API Response Data
3.4.2 API Authentication Security
3.4.3 Avoiding Logic Abuse
3.5 Real-time Payments
Table 3.3: Global Instant Payments Market Status
3.6 Fraud and Payments
3.7 Digital Identity & Fraud
3.7.1 Decentralised Identity Wallets
Figure 3.4: Visualisation of Decentralised Identity Wallets
i. Benefits of Decentralised Identity Wallets
3.8 3D S 2.0 & Biometric Authorisation of Transactions
3.8.1 Authentication Mechanisms
i. OTP (One-time Passwords)
ii. Biometrics
iii. SIM Swap Fraud
3.8.2 Further 3D S Implications
i. 3D Secure Authentication Failure
3.8.3 Next Steps & Regional Outlook
4. Segment Analysis
4.1 Introduction
4.2 Banking and Money Transfer
4.2.1 Key Challenge: Advanced Persistent Threats
Table 4.1: Phases of Threats
4.2.2 Key Challenge: Open Banking & Multi-part Attacks
4.2.3 Key Trends & Outlook in the Financial Sector
4.3 Remote Physical and Digital Goods
4.3.1 Physical Goods
Table 4.2: Revenue & Growth of Selected eCommerce Players
i. Impact of COVID-
ii. Impact of Inflation and Cost of Living Crisis
Figure 4.3: Total Transaction Volume Physical Goods (m), Split by 8 Key Regions, 2022
4.3.2 Digital Goods
i. Impact of Inflation and Cost of Living Crisis
ii. Gaming
iii. Music
iv. Video
Figure 4.4: Share of Netflix Subscribers Worldwide,
v. eBooks
vi. Adult Content
vii. Ticketing
4.3.3 Key Challenge: Synthetic Identity
i. Detection
ii. Activity History
4.3.4 Key Challenge: Deepfakes
4.3.5 Account Takeover
Figure 4.5: Visualisations Displaying Process of ATO (Account Takeover)
4.3.6 Omnichannel Fraud
4.3.7 Key Trends & Outlook in eRetail
4.3.8 Machine Learning
Figure 4.6: Goal Revenue Optimisation Fraud Management
4.4 Airlines
4.4.1 Key Challenge: Security
4.4.2 Key Challenge: Third-party Attacks
4.4.3 Key Challenge: Chargebacks
4.4.4 Key Trends & Future Outlook in the Airline Sector

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