Machine Learning: The Future of E-Commerce Fraud Prevention - Fintech News Philippines

Machine learning plays a pivotal role in effective fraud prevention systems. In this article, learn how machine learning can significantly improve your business' ability to stop fraud attacks. With the recent surge in e-commerce usage globally, the possibility of an online fraud attack is at an all-time high. This would represent an 18% increase in fraud losses compared to the US$17.5 billion recorded in 2020. Customers want to have the assurance that they can purchase products without experiencing a false decline, and merchants want to feel that they can trust the legitimacy of new incoming transactions.