Tech-heavy NASDAQ lost nearly 30% of its value in 2022, and tech companies’ performance continues to face heavy scrutiny in 2023, according to Forrester. Because of this, businesses need the right tooling to mitigate skill shortages, employee layoffs, and pressure from investors. In today’s market conditions, every misstep in fraud-fighting costs time, money, and resources. This means businesses need to be intentional and thoughtful about what tools to spend on, how much to spend, and what team resources are needed.
Fraud, Trust & Safety, and Compliance leaders now face the added challenge of defending their team’s impact to internal stakeholders and justifying the cost of their fraud investigation tools.