Worldwide Enterprise Fraud Solutions Vendor Assessment 2024

This document is a vendor assessment report from IDC MarketScape focusing on worldwide enterprise fraud solutions for 2024. It outlines the growing marketplace for fraud risk management solutions, driven by the expansion of payment types and methods, particularly in the context of online transactions. The report discusses the significant enhancements in technological capabilities, especially cloud computing, impacting the fraud risk vendor solution marketplace. It details the increasing fraud losses reported by the U.S. Federal Trade Commission, which reached $10 billion in 2023. The report includes vendor inclusion criteria, emphasizing the need for vendors to provide standalone or integrated fraud solutions capable of identifying suspected fraud incidents. Additionally, it offers advice for technology buyers on selecting appropriate fraud solutions based on their specific needs and the types of fraud they may encounter. The document also provides vendor summary profiles, evaluating key players in the market, including Experian, Feedzai, FICO, and Forter, highlighting their strengths and challenges in the fraud solutions landscape.