e-commerce fraud RSS
A new study has found that merchant losses to e-commerce payment fraud will exceed $25 billion in 2024, from just of $17 billion in 2020, despite the ongoing implementation of... more
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E-commerce fraud is on the rise. While digitalisation has streamlined processes, consolidated data and vastly improved the efficiency of administration, it’s as much a blessing as a curse. When it comes to fraud, digitalisation has presented fraudsters with a massive opportunity – at the expense of e-commerce retailers. Online businesses are an obvious target for [...]
The global e-commerce market continues to grow rapidly, and is predicted to be worth $2.4 trillion by 2019. As a result, the market continues to attract not merely ever-greater levels of fraud, but different and ever-more sophisticated types of fraud, too. The challenge it presents to merchants, which has always been large, is now greater [...]
E-commerce fraud as a percent of sales dollars has been declining across the board, except for two industries, since the first quarter of 2016. However, fraud losses still account for billions of dollars, and perhaps even more due to transactions declined incorrectly due to fear of fraud. Signifyd have tracked, analysed and reported on this [...]
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Security scans performed on 60,000 Magento websites, the most popular e-commerce platform, show that 78% are missing critical security patches, while 5% are confirmed to have payment card data harvesting malware stealing their customer details. The findings follow a number of high profile breaches of customer data over the past year, involving companies including Oracle, [...]
The post Security scans on 60,000 websites shows 78% of e-commerce websites at risk appeared first on Payments Cards & Mobile.