As online commerce continues to surge, chargeback fraud victimizes more and more retailers. Experts report that chargebacks will cost merchants over $100 billion in 2023, and false claims and abuse of ...
The fifteenth edition of its annual LexisNexis True Cost of Fraud Study: E-commerce and Retail Report – US and Canada Edition reveals merchants pay nearly $5 in costs for every $1 they are defrauded.
Sixty percent (60%) of ecommerce merchants and 53% of retailers experienced a rise in overall fraud levels. Digital channels contribute to over half of fraud losses for ecommerce and retail businesses ...
Artificial Intelligence (AI) is fuelling the sophistication of attacks across the electronic commerce or ecommerce ecosystem with the use of deepfakes to defeat verification systems being a key threat ...
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