Q2 2021

Outseer™ Fraud & Payments Report

Digital Transaction Insights from the Outseer Global Data Network™

Digital transformation is re-shaping every aspect of our lives and digital transformation has been accelerating due to the Covid-19 pandemic. Outseer, the recent spinout of the RSA Fraud & Risk Intelligence business unit is laser focused on protecting payments in our post pandemic era. Outseer leverages a science driven machine learning engine and a global consortium of data shared across customers and industries to help liberate the world from payments fraud. Since 2017, we have published a global quarterly fraud report. Our most recent report presents an analysis of 42,000 global fraud attack and consumer fraud data collected by the Outseer research team. In Q1, the FraudAction team recovered +5.5M cards from online card stores and fraudster communication channels.

Get the report today to gather notable insights including:

  • The fastest growing attack vector is brand abuse attacks with a 58% increase from last quarter.
  • Fraudsters are still leveraging the oldest trick in the book: Phishing. In Q1, 21% of attacks were Phishing.
  • EMV 3DS2 volumes (out of all 3DS volumes) saw Q/Q increases globally, but in the EU, we saw the most significant increase going from 16% to 35%, the result of EU PSD2 SCA requirements.

To learn more about current global fraud trends and how fraudsters are evolving their strategies to target digital banking and payments activities, download your complimentary copy of the Outseer™ Fraud & Payments Report now.

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About Outseer

Outseer is a leading technology company in the fight against payments fraud. Powered by cutting edge science and a suite of market leading anti-fraud products, Outseer reliably determines authentic customers from fraudulent behavior. Fewer false positives and less intervention create better experiences and happier customers. We have the highest fraud detection rates with the lowest customer interaction in the industry, and are constantly improving our modeling to deliver the best outcomes every time.