North American Ecommerce and Retail Companies Face a $3.00 Total Cost for Each Dollar Lost to Fraud, According to True Cost of Fraud Study From LexisNexis Risk Solutions
March 27, 2024
March 27, 2024
ATLANTA, Georgia, March 27 (TNSres) -- LexisNexis Risk Solutions issued the following news release:
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* 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.
* One in five transactions utilize digital payment methods such as digital wallets, BNPL and cryptocurrency.
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* 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.
* One in five transactions utilize digital payment methods such as digital wallets, BNPL and cryptocurrency.
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