The Fraud detection and prevention Market is expected to see substantial growth, with Technavio forecasting an increase of USD 86.68 billion by 2028. Growing at a CAGR of 27.17%, the market's expansion is fueled by the rising number of online transactions and increased cloud adoption across industries. Organizations are investing heavily in fraud detection tools to safeguard their data and financial systems. Solutions like biometric authentication and real-time analytics are proving essential for reducing risks. Additionally, cloud-based services enable flexible and scalable fraud management, making them an attractive option for businesses of all sizes.

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