CHICAGO, Dec. 16, 2021 /PRNewswire/ -- According to a research report "Fraud Detection and PreventionMarketby Solution (Fraud Analytics, Authentication, and GRC), Service (Managed and Professional), Vertical (BFSI, Retail and eCommerce, and Travel and Transportation), Deployment Mode and Region - Global Forecast to 2026", published by MarketsandMarkets, the FDP Market is expected to grow from USD 22.8 billion in 2021 to USD 53.4 billion by 2026 at a CAGR of 18.5% during the forecast period.

Technological advancements, penetration of digital technologies, and Bring Your Own Device (BYOD) trend in organizations have greatly influenced work practices and led to an unprecedented rise in data volumes. These factors have led to the adoption of automatic software-based applications for analyzing data in real time, which have replaced the traditional data mining applications and tools. This, in turn, increases the need to update legacy manual fraud detection methods. Hence, FDP vendors are producing new varieties of FDP solutions to detect and prevent all types of frauds committed by fraudsters.

Browse in-depth TOC on"Fraud Detection and Prevention Market"

493 Tables

46 Figures

381 Pages

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By component, Solutions segment to hold the largest market size during the forecast period

On the basis of solutions, the FDP Market is segmented into fraud analytics, authentication, and GRC solutions. The demand for FDP solutions is increasing as they can help enterprises detect fraudulent activities and prevent their occurrence. The number of frauds is growing at a significant rate; however, it is the surge in revenue loss which is driving the demand for FDP solutions. These FDP solutions can work simultaneously to provide fraud-proof enterprise environments.

Money launderers or criminals may forge fake signatures and Identifications (IDs) to commit digital frauds using someone's identity. FDP solutions help in reducing digital frauds, illegal transactions, tax evasion attempts, and other payment corruptions by identifying and detecting fraudulent activities in the system and reporting them to assigned authorities on time.

In deployment mode, cloud deployment to grow at a higher CAGR during the forecast period

According to Flexera, a computer software company, enterprises are set to spend around 15-16% of their revenue into cloud hosting services by 2020. Another study by Cisco stated that "53% of organizations host at least 50% of their infrastructure in the cloud." The investment in cloud services and shifting of businesses from traditional to cloud are expected to accelerate the adoption of cloud-based solutions and services by enterprises. Owing to the increasing pace of digitalization, security breaches and fraud cases especially identity theft and online fraud has also increased. These increasing trend of eCommerce and online retail and digital payments has increased the adoption rate of online FDP solutions among end-user verticals to combat with fraud and compliance intruders.

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North America to hold the largest market size during the forecast period

North America is expected to be the largest contributor in terms of the market size in the FDP Market. It is one of the most affected regions in the world by money laundering and terrorist financing crime activities; as a result, it has the highest number of FDP providers. Banks, governments, and financial institutes in this region face ever-increasing challenges related to frauds compelling them to implement advanced technological approaches for managing fraud protection. Further, organic and inorganic growth strategies among major FDP vendors are expected to drive the FDP Market growth in North America. For example, in July 2020, NewDay, a financial services company partnered with RSA Security, financial crime prevention and predictive analytics company, to deliver advanced fraud protection for digital payments and address the requirements of the EMV 3-D Secure protocol.

Key Players:

Major vendors in the global FDP Market include BAE Systems (UK), Nice Actimize (US), FICO (US), LexisNexis (US), TransUnion (US), Kount (US), Software AG (Germany), RSA Security (US), Fiserv (US), FIS (US), ACI Worldwide (US), Experian (Ireland), SecuroNix (US), Accertify (US), Feedzai (US), CaseWare (Canada), FRISS (Netherland), MaxMind (US), Gurucul (US), DataVisor (US), PayPal (US), Visa (US), SAS institute (US), SAP SE (Germany), Microsoft Corporation (US), F5, Inc (US), Ingenico (France), AWS (US), PerimeterX (US), OneSpan (US), Signifyd (US), Cleafy (Italy) and Pondera Solutions (US). It also includes an in-depth competitive analysis of the key FDP Market players, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Browse Adjacent Markets:Information Security Market ResearchReports & Consulting

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Anti-money LaunderingMarket by Component, Solution (KYC/CDD and Watchlist, Transaction Screening and Monitoring), Deployment Mode, End User (Banking and Financials, Gaming/Gambling Organizations), and Region - Global Forecast to 2025

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Fraud Detection and Prevention Market worth $53.4 billion by 2026 - Exclusive Report by MarketsandMarkets - PRNewswire

Title: Detecting Biosignatures in the Atmospheres of Gas Dwarf Planets with the James Webb Space Telescope

Authors: Caprice Phillips, Ji Wang, Sarah Kendrew, Thomas P. Greene, Renyu Hu, Jeff Valenti, Wendy R. Panero, Joseph Schulze

First Authors Institution: Department of Astronomy, The Ohio State University, Columbus OH USA

Status: Published in ApJ [open access]

because the latest Great Observatory is set to be launched into space this week! The space telescope known as JWST has become infamous amongst space professionals for long and frequent delays in its deployment since its conception in 1996. Though its timeline and price tag are impressive, they are but small consequences of the telescopes exquisite engineering and mind-blowing potential. Most often cited as the instrument which will allow us to peek further into the past than ever before, JWST might also be able to search for potential signatures of life on planets outside of our solar system! Todays authors explain how.

On the planet Earth, we are protected from the adverse effects of our Solar System (like flying rocks and too much radiation) by our atmosphere. While our rocky home has just enough gravity to hold onto an atmosphere of mostly nitrogen (N), planets slightly larger than the Earth but smaller than Neptune would likely live in a bubble of hydrogen (H). Known as gaseous dwarf planets, these potential homes are easier to identify and study thanks to their larger sizes. Because of their hydrogen-dominated atmospheres, we expect these planets to preferentially host chemical reactions with hydrogen, producing molecules such as ammonia (NH3).

However, ammonia doesnt occur spontaneously: it requires either extremely high temperatures and pressures, or the existence of a reaction catalyst, potentially developed for metabolic processes which could indicate the presence of life. Furthermore, ammonia is easy to destroy in volcanic environments, meaning that the presence of ammonia suggests the presence of a process that regularly replenishes it. Therefore, in these worlds ammonia is a possible biosignature: a clue that the planet in question might be hosting life!

Unfortunately, the presence of ammonia alone isnt enough to detect life outside the solar systembut it would set the stage for follow-up observations and even more amazing science. The authors of todays paper begin by considering seven close-by exoplanets of the right size and temperature range. In this bite, well focus on one of the seven: TOI-270 c, which the authors find to be best suited for future JWST observations.

One method for determining the contents of a planets atmosphere is with transmission spectroscopy: measuring the light spectrum of the planets host star as it filters through the planets atmosphere on its way to the detector. Ideally, the measured spectrum will reveal the tell-tale dips and peaks of absorption and emission spectra which are associated with individual elements and molecules. An example of the signatures of ammonia from planet TOI-270 c is given in Figure 1. Note that there are several ammonia features we could potentially look for (at 1.01.5, 2.0, 2.3, 3.0, 5.56.5, and 10.310.8 m) and that the height of the peaks depends on how much ammonia there is in the atmosphere in parts per million (ppm). The more ammonia there is, the easier it will be to detect!

Figure 1: The spectrum of ammonia in the atmosphere of TOI-270 c for different ammonia concentrations in parts per million (ppm). The height of the peak is given in terms of the ratio of the radius of the planet squared and the radius of the star squared (aka, how much of the light is blocked). Note that there are at least 6 ammonia features to look for! Figure 10 in paper.

Another lever controlling the spectrum of TOI-270 cs ammonia signatures is the presence of a cloud deck in its atmosphere. Whether the planet is enveloped in cloudsand at what height they occur!will significantly change its ammonia signature, as shown in Figure 2. The authors show that the most identifiable signatures will come from a cloudless atmosphere, or one with a cloud deck at high pressures (read: low to the ground). On the other hand, a cloud deck at 0.01 bars (really high up!) would flatten the signature almost completely, making it incredibly hard to detect ammonia.

Figure 2: The spectrum of ammonia in the atmosphere of TOI-270 c as above, but now for different cloud decks. The most noticeable features emerge from an atmosphere with no clouds or with a cloud deck at 1.0 bar. Smaller features are noticeable in an atmosphere with a cloud deck at 0.1 bar, while a cloud deck at 0.01 bar flattens the spectrum to almost a straight line. Figure 13 in paper.

There are several instruments aboard JWST which could be used to hunt for ammonia-filled atmospheres; the authors find that Near-Infrared Spectrograph (NIRSpec) and the Near-Infrared Imager and Slitless Spectrograph (NIRISS) are particularly suitable. Together, these instruments cover the wavelength range of the ammonia features illustrated in Figures 1 & 2above. The question is: are they sensitive enough to make the detection?

I wont keep you in suspense: the authors results suggest that the answer is yes! The authors used two of their simulated spectra for aboveassuming two different percentages of hydrogen in the atmosphere of TOI-270 cand modeled what JWST observations of such an atmosphere might look like for 10 transits (see Figures 3 & 4). As might be expected, an atmosphere that is richer in hydrogen will produce a higher signal-to-noise ratio (S/N).

Figure 3: Top: The spectrum of ammonia in the atmosphere of TOI-270 c for an atmosphere rich in hydrogen is shown in orange, while the different black points show simulated JWST observations with NIRISS and two NIRSpec filters (G235M and G395). The authors also show the wavelength range of each of the instruments below the spectrum. Bottom: the signal-to-noise ratio of the simulated spectrum and observations. Figure 7 in paper.

Figure 4: The same figure as above, but this time for an atmosphere that is poorer in hydrogen shown in yellow. Note that this results in a lower signal-to-noise ratio than in Figure 3! Figure 8 in paper.

Under the right circumstances (hydrogen-rich atmosphere, lots of ammonia, no cloud deck), JWST is well-equipped to detect ammonia on gas dwarf planets: an exciting start on a long road towards determining whether we truly are alone in the Universe!

Astrobite edited by Lili Alderson

Featured image credit: made by Luna Zagorac with planet surfaces from NASA Exoplanet Catalog visualizations

About Luna ZagoracI am a PhD candidate in the Physics Department at Yale University. My research focus is ultra light (or fuzzy) dark matter in simulations and observations. Im also a Franke Fellow in the Natural Sciences & Humanities at Yale working on a project on Egyptian archaeoastronomy, another passion of mine. When Im not writing code or deciphering glyphs, I can usually be found reading, doodling, or drinking coffee.

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Atmospheres of Small Planets Through a Big Telescope - Astrobites

There is now consistent evidence that the Omicron variant is outpacing Delta, as COVID-19 continues to account for around 50,000 deaths worldwide every week,said thehead of the World Health Organization (WHO) on Monday.

Tedros Adhanom Ghebreyesustold journalists at WHO Headquarters in Geneva that it was also more likely that people who have been vaccinated, or recovered from the virus, could be infected, or reinfected.

There can be no doubt that increased social mixing over the holiday period in many countries will lead to increased cases, overwhelmed health systems and more deaths, he said.All of us are sick of this pandemic. All of us want to spend time with friends and family. All of us want to get back to normal.

The fastest way to do that is for all of us leaders and individuals to make the difficult decisions that must be made to protect ourselves and others.

He said delaying or cancelling events, was the responsible thing to do: An event cancelled is better than a life cancelled.Its better to cancel now and celebrate later, than to celebrate now and grieve later.

More than 3.3 million people have lost their lives to COVID-19 this year more deaths than from HIV, malaria and tuberculosis combined in 2020, and Africa is now facing a steep wave of infections, driven largely by the Omicron variant.

Just a month ago, Africa was reporting its lowest number of cases in 18 months, Tedros reminded reporters, whereas last week, it reported the fourth-highest number of cases in a single week so far.

None of us want to be here again in 12 months time, talking about missed opportunities, continued inequity, or new variants, he said, hammering home once again, that for the pandemic to end in 2022, we must end inequity, by ensuring 70% of the population of every country is vaccinated by the middle of next year.

Around the world, WHO is working with countries to restore and sustain essential health services disrupted by the pandemic, said Tedros, and according to new data released this year, 23 million children missed out on routine vaccines in 2020, the largest number in over a decade, increasing risks from preventable diseases like measles and polio.

Progress is still being made in many other areas of healthcare and medicine. Five countries were able to introduce the human papillomavirus vaccine (HPV) to prevent cervical cancer, and a further 9 are planning to introduce it over the next 6 months, and in September, WHO launched a global road map to defeat meningitis by 2030.

The pandemic has also caused setbacks in the agencys efforts to defeat the worlds leading infectious diseases, with an estimated 14 million more malaria cases and 47 thousand more malaria deaths in 2020, compared to 2019.

However, WHO certified two countries China and El Salvador as malaria-free this year, and a further 25 are on track to end malaria transmission by 2025, he reminded journalists, and this year, WHO also made an historic recommendation for broad use of the worlds first malaria vaccine.

Services for noncommunicable diseases have also been hit, with more than half of countries surveyed between June and October, reporting disruptions to services for diabetes, cancer screening and treatment, and management of hypertension.

Summing up a tumultuous year, Tedros also noted that several important steps have been taken to strengthen the global health architecture, and WHO itself.

We launched the WHO Hub for Pandemic and Epidemic Intelligence in Berlin;We broke ground on the WHO Academy in Lyon;We established the WHO BioHub System, he said. In early December, Member States agreed to negotiate the worlds first new agreement on pandemic preparedness and response.

We have also taken decisive steps to address instances of sexual exploitation and abuse, and to make sure that our people meet the high standards that we, and our Member States, expect of them, he said, following shocking revelations of alleged abuse committed by some WHO staff during the deadly tenth Ebola outbreak in the Democratic Republic of the Congo.

2022 must be the year we end the pandemic, said Tedros, but to prevent a future disaster on the same scale, all countries must invest in resilient health systems, built on primary care, and with universal health coverage as the goal.

When people cant access the services they need, or cant afford them, individuals, families, communities and entire societies are put at risk, argued Tedros.

In the year ahead, WHO is committed to doing everything in our power to end the pandemic, and to beginning a new era in global health an era in which health is at the centre of every countrys development plans.

Related

See the article here:
COVID-19 cases and deaths in the Americas triple in 2021 - Modern Diplomacy

There is now consistent evidence that the Omicron variant is outpacing Delta, as COVID-19 continues to account for around 50,000 deaths worldwide every week,said thehead of the World Health Organization (WHO) on Monday.

Tedros Adhanom Ghebreyesustold journalists at WHO Headquarters in Geneva that it was also more likely that people who have been vaccinated, or recovered from the virus, could be infected, or reinfected.

There can be no doubt that increased social mixing over the holiday period in many countries will lead to increased cases, overwhelmed health systems and more deaths, he said.All of us are sick of this pandemic. All of us want to spend time with friends and family. All of us want to get back to normal.

The fastest way to do that is for all of us leaders and individuals to make the difficult decisions that must be made to protect ourselves and others.

He said delaying or cancelling events, was the responsible thing to do: An event cancelled is better than a life cancelled.Its better to cancel now and celebrate later, than to celebrate now and grieve later.

More than 3.3 million people have lost their lives to COVID-19 this year more deaths than from HIV, malaria and tuberculosis combined in 2020, and Africa is now facing a steep wave of infections, driven largely by the Omicron variant.

Just a month ago, Africa was reporting its lowest number of cases in 18 months, Tedros reminded reporters, whereas last week, it reported the fourth-highest number of cases in a single week so far.

None of us want to be here again in 12 months time, talking about missed opportunities, continued inequity, or new variants, he said, hammering home once again, that for the pandemic to end in 2022, we must end inequity, by ensuring 70% of the population of every country is vaccinated by the middle of next year.

Around the world, WHO is working with countries to restore and sustain essential health services disrupted by the pandemic, said Tedros, and according to new data released this year, 23 million children missed out on routine vaccines in 2020, the largest number in over a decade, increasing risks from preventable diseases like measles and polio.

Progress is still being made in many other areas of healthcare and medicine. Five countries were able to introduce the human papillomavirus vaccine (HPV) to prevent cervical cancer, and a further 9 are planning to introduce it over the next 6 months, and in September, WHO launched a global road map to defeat meningitis by 2030.

The pandemic has also caused setbacks in the agencys efforts to defeat the worlds leading infectious diseases, with an estimated 14 million more malaria cases and 47 thousand more malaria deaths in 2020, compared to 2019.

However, WHO certified two countries China and El Salvador as malaria-free this year, and a further 25 are on track to end malaria transmission by 2025, he reminded journalists, and this year, WHO also made an historic recommendation for broad use of the worlds first malaria vaccine.

Services for noncommunicable diseases have also been hit, with more than half of countries surveyed between June and October, reporting disruptions to services for diabetes, cancer screening and treatment, and management of hypertension.

Summing up a tumultuous year, Tedros also noted that several important steps have been taken to strengthen the global health architecture, and WHO itself.

We launched the WHO Hub for Pandemic and Epidemic Intelligence in Berlin;We broke ground on the WHO Academy in Lyon;We established the WHO BioHub System, he said. In early December, Member States agreed to negotiate the worlds first new agreement on pandemic preparedness and response.

We have also taken decisive steps to address instances of sexual exploitation and abuse, and to make sure that our people meet the high standards that we, and our Member States, expect of them, he said, following shocking revelations of alleged abuse committed by some WHO staff during the deadly tenth Ebola outbreak in the Democratic Republic of the Congo.

2022 must be the year we end the pandemic, said Tedros, but to prevent a future disaster on the same scale, all countries must invest in resilient health systems, built on primary care, and with universal health coverage as the goal.

When people cant access the services they need, or cant afford them, individuals, families, communities and entire societies are put at risk, argued Tedros.

In the year ahead, WHO is committed to doing everything in our power to end the pandemic, and to beginning a new era in global health an era in which health is at the centre of every countrys development plans.

Related

See the rest here:
Omicron: School closures must be avoided whenever possible - Modern Diplomacy

The attack has led to an outage expected to last weeks, leaving companies scrambling to make payroll with the holidays right around the corner.

Image: Getty Images/iStockphoto

We're experiencing yet another incident in which cyberattacks can affect the real world: UKG, makers of payroll and HR software, have reported a ransomware attack that has taken its Kronos Private Cloud offline, and may result in it staying that way for weeks to come.

The timing couldn't be worse, nor could it be more apt: We're a week away from Christmas and the holiday travel season, and just days removed from the announcement of one of the worst zero-day bugs in the history of ever: Log4Shell. It's unknown whether Log4Shell is responsible for this incident, and UKG said there aren't any indications that it is.

SEE: Google Chrome: Security and UI tips you need to know (TechRepublic Premium)

"As soon as the Log4j vulnerability was recently publicly reported, we initiated rapid patching processes While we currently have no indication that there is, we are investigating whether or not there is any relationship between the security incident described above and the Log4j vulnerability," UKG said.

Causes aside, the end result is that a lot of big companies (KPC is used by Tesla, the City of Cleveland government, and multiple banks and financial institutions) can't process payroll, and that means people might go into the holidays unpaid.

Kronos Private Cloud is UKG's hosting solution for its Workforce Central, TeleStaff, Healthcare Extensions and Banking Scheduling Solution software. The ransomware attack, which was detected on December 11, has meant that KPC and its hosted solutions are unavailable to customers.

Make no mistake: This isn't a small problem. In a statement about the outage, UKG said that it has no estimated time of resolution, that its backups aren't available until they "determine the best approach" to restoration. UKG thus "continues to strongly recommend our customers work with their leadership to activate their business continuity plans."

That's the tech equivalent of "fix bayonets," and it's bad news not only for Kronos customers but the future of UKG as well, largely because there is a difference between an outage due to uncontrollable factors, like severe weather, and a malware incident, said Forrester security and risk analyst Allie Mellen.

"Customers will be more likely to accept downtime from something like a severe weather event because they can more easily relate to a kinetic challenge. In contrast, customers may be wary of trusting a business hit with a cyberattack because it's more unpredictable and less relatable and tangible," Mellen said.

The official line from UKG is that its investigation is ongoing, but the City of Cleveland told a local news station that UKG told it that the attack "may have compromised some employees' first and last names, addresses, last four SSN digits and employee ID," Cleveland's WKYC reported.

Ransomware gangs have been known to extort victims by threatening to (or actually) releasing sensitive data, and there's no reason to assume this attack is any different. If, as is currently believed, Log4Shell isn't involved, then there's no telling how long Kronos Private Cloud could have been compromised.

"It's likely the attacker had been targeting Kronos for some time prior to the detonation of the ransomware," Mellen said. Until we know when and how the initial penetration occurred, it's safe to assume Kronos Private Cloud customers may have had sensitive data stolen and react accordingly.

UKG itself has admitted that it is in uncharted waters, and it's telling customers to "evaluate and implement alternative business continuity protocols related to the affected UKG solutions."

As TechRepublic parent company TechnologyAdvice's Tamara Scott writes, businesses will need, at a minimum, "a human resources information system to gather addresses, banking and contact information; a time tracking and scheduling software to recreate schedules; and a payroll system to get their employees paid."

SEE:Password breach: Why pop culture and passwords don't mix (free PDF)(TechRepublic)

Thankfully, HR software is as plentiful and varied as the companies that need it. Don't wait or resort to doing things on paper the quickest way back to business is going to be moving on, and quickly. You can evaluate what you want to do afterward once things have calmed down.

UKG has also been good about updating its outage status page with regular news, so be sure you stay tuned for the latest updates.

Strengthen your organization's IT security defenses by keeping abreast of the latest cybersecurity news, solutions, and best practices. Delivered Tuesdays and Thursdays

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Just in time for Christmas, Kronos payroll and HR cloud software goes offline due to ransomware - TechRepublic