The fraud prevention market has grown from zero to several hundred vendors in recent years. Competition has increased with the level of service capabilities and technology that vendors offer, as well as pricing. As a result, some might call it a buyer's market. Just because it's a buyer's market doesn't mean it can't make sense to build some parts of a solution. There are scenarios where building components of a risk management strategy can be beneficial for cost or performance reasons. Understanding the total cost of ownership for either strategy is an informative way to decide what is right for your business.
Read this white paper to learn about the different considerations for a buy versus build fraud prevention strategy, including:
- The market landscape today
- A 5-year total cost of ownership analysis
- How to account for upfront and recurring costs
- Validating what to buy and what to build