Fraud activity has increased significantly over the past 18 months, with financial institutions managing a growing range of fraud types. These trends are expected to continue in 2024, especially with persistent threats like authorized payment scams and check fraud. Economic uncertainty and lack of regulatory standards for scam reimbursements contribute to this persistence. While the fraud controls market is expected to evolve slowly, demand remains unstable. Fraud executives continue to prioritize solutions for scam and check fraud while also turning attention to application fraud, authentication, and case management as innovation efforts increase.

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