KuppingerCole Analysts AG Report

Fraud Reduction Intelligence Platforms (FRIP)

Outseer was named a Market Champion, Market Leader, and Product Leader in the 2023 KuppingerCole Fraud Reduction Intelligence Platforms report.

“The suite is optimized for and targeted at financial institutions and payment services. Organizations in those industries should definitely consider Outseer’s suite when looking for fraud reduction solutions.”
— John Tolbert, Director of Cybersecurity Research & Lead Analyst

Fraud is a major cost to businesses worldwide and this has been exacerbated by the worldwide Covid pandemic. Banking, finance, payment services, and retail are some of the most frequent targets of fraudsters. However, insurance, gaming, telecommunications, health care, cryptocurrency exchanges, government assistance agencies, travel and hospitality, and real estate are increasingly targeted as cybercriminals have realized that most online services trade in monetary equivalents. After years of being the focus of cybercriminals, banking and financial institutions are more likely to be better secured than other industries, meaning that fraudsters are increasingly likely to attack any potentially lucrative target if given the opportunity. Fraud perpetrators are continually diversifying and innovating their Tactics, Techniques, and Procedures (TTPs).

This report provides an overview of the market for Fraud Reduction Intelligence Platforms including Outseer as a Market Champion, Market Leader and Product Leader. Products reviewed include Outseer’s Fraud Manager, 3-D Secure, and FraudAction.

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