The problem

With the increased proliferation of counterfeit, dangerous, and illegal products sold on marketplaces, consumers are losing confidence. Add to that the growing scrutiny and fines of regulators, and marketplace sales, profitability, and brand reputation are at a greater risk than ever. 

Unfortunately, today’s risk management solutions are not robust enough to prevent persistent online fraud, which is preventing marketplaces from being able to focus on the business of driving growth. And based on the global cost of ecommerce fraud last year, it’s a multibillion-dollar problem that needs a new approach.