E-commerce fraud to surpass $20B in 2021, report finds
First published on Dive Brief: E-commerce retailers are at risk of losing over $20 billion in 2021 due to online fraudulent activities, a Juniper Research report found. This loss would represent an 18% increase, compared to $17.5 billion recorded last year. Identity theft, chargeback fraud, 'silent' fraud, account takeovers and 'pharming' are major fraud threats for online shoppers and merchants. China is expected to be the largest e-commerce fraud market in the world, accounting for over 40% of e-commerce fraud losses globally by 2025, at over $12 billion. Automated behavioral analytics u...
Source: retaildive.com