Fraud & Security -

North American e-payment fraud reaches $3.6 billion

The percentage of online revenue lost to fraud in 2007 in the US and Canada held steady with 2006 at 1.4% – but as e-commerce grows, the total dollar loss from online payment fraud is growing at the rate of about 20% a year and is estimated at $3.6 billion in 2007, up from $3.1 [...]

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