Press Release: Outseer Releases Latest Fraud & Payments Report for 1H 2022

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Outseer™ Fraud & Payments Report: 1H 2022

Digital Transaction Insights from the Outseer Global Data Network™

Outseer is the global leader in payment authentication and account monitoring solutions, protecting more than 20 billion transactions and close to $200 billion in payments volume each year.

At the core of our offerings is the Outseer Intelligent Platform™ is a comprehensive, bank-grade fraud protection platform that enables our customers to detect and prevent fraud across the entire digital journey.

The Outseer Fraud & Payments Report presents a global analysis of fraud attacks and consumer fraud data collected by the Outseer Research team from the first half of 2022.

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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