Many fraud and compliance teams are struggling to keep pace with new business dynamics. Here are several of the many mobile device trends affecting business today:
- 35% year-over-year growth in mobile commerce from 2014-2015
- Value of mobile payment transactions is forecasted to reach more than $27 billion in 2016
- 45% of smartphone owners use a mobile device to make a purchase every month
This rapid growth only reinforces the need for aggressive fraud prevention strategies and the adoption of new technologies to prepare for the latest emerging cybersecurity threats.