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How fraudsters take advantage of ride-hailing app & how to protect it?
The ride-hailing market is witnessing rapid growth, driven by the increasing demand for convenience and efficiency. According to Statista, revenue in this market is expected to reach US$165.60 billion by 2024. User numbers are also projected to increase significantly, reaching 1.97 billion by 2028.
However, fraud attacks against ride-hailing apps are also on the rise, threatening the success of the mobility-as-a-service industry. Fraud in ride-hailing apps involves fake accounts and the use of malicious tools such as app cloners and GPS spoofers. Both users and drivers employ various tactics to exploit these platforms for their own gain.
Read more @ https://shield.com/blog/how-fr....audsters-take-advant
SHIELD is a device-first fraud intelligence platform that helps digital businesses worldwide eliminate fake accounts and stop all fraudulent activity.
Powered by SHIELD AI, we identify the root of fraud with the global standard for device identification (SHIELD Device ID) and actionable fraud intelligence, empowering businesses to stay ahead of new and unknown fraud threats.
We are trusted by global unicorns like inDrive, Alibaba, Swiggy, Meesho, TrueMoney, and more. With offices in San Francisco, London, Berlin, Jakarta, Bengaluru, Beijing, and Singapore, we are rapidly achieving our mission - eliminating unfairness to enable trust for the world.
For more information, visit shield.com