{"id":2295,"date":"2024-12-15T17:01:31","date_gmt":"2024-12-15T17:01:31","guid":{"rendered":"https:\/\/keywordseverywhere.com\/blog\/?p=2295"},"modified":"2025-09-23T05:29:39","modified_gmt":"2025-09-23T05:29:39","slug":"ecommerce-fraud-stats","status":"publish","type":"post","link":"https:\/\/keywordseverywhere.com\/blog\/ecommerce-fraud-stats\/","title":{"rendered":"eCommerce Fraud Stats: $107 Billion In Losses By 2029"},"content":{"rendered":"\n<p>eCommerce is booming like never before. With millions of people shopping daily on the internet, it\u2019s become a main player in driving economies and shaping global markets.<\/p>\n\n\n\n<p>But as eCommerce flourishes, so does the darker side\u2014eCommerce fraud.<\/p>\n\n\n\n<p>This type of fraud usually happens during online transactions, where scammers exploit unsuspecting shoppers or businesses.&nbsp;<\/p>\n\n\n\n<p>They might impersonate a brand, run fake websites, or pose as customer support to trick people into handing over money or any kind of sensitive information.<\/p>\n\n\n\n<p>In this blog, we\u2019ll dive into the latest eCommerce fraud stats and trends from different countries and break down the most common types of scams you should watch out for.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/eCommerce-fraud-stats-to-know-in-2025.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;1000&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;1812&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1812\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/eCommerce-fraud-stats-to-know-in-2025.png\" alt=\"eCommerce fraud stats to know in 2025\" class=\"wp-image-2304\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/eCommerce-fraud-stats-to-know-in-2025.png 1000w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/eCommerce-fraud-stats-to-know-in-2025-166x300.png 166w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/eCommerce-fraud-stats-to-know-in-2025-565x1024.png 565w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/eCommerce-fraud-stats-to-know-in-2025-768x1392.png 768w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/eCommerce-fraud-stats-to-know-in-2025-848x1536.png 848w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: eCommerce fraud stats to know in 2025\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">eCommerce fraud stats to know in 2025<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"eCommerce fraud stats to know in 2025\" class=\"wp-image-2304\" \/><figcaption class=\"wp-element-caption\">eCommerce fraud stats to know in 2025<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"eCommerce fraud stats to know in 2025\" class=\"wp-image-2304\" \/><figcaption class=\"wp-element-caption\">eCommerce fraud stats to know in 2025<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">General eCommerce Fraud Stats<\/h2>\n\n\n\n<p>The global impact of eCommerce fraud is massive and it continues to grow.&nbsp;<\/p>\n\n\n\n<p>Recent numbers show that this problem costs businesses billions of dollars annually, affecting online retailers of every size and industry.&nbsp;<\/p>\n\n\n\n<p>Whether it\u2019s a <a href=\"https:\/\/keywordseverywhere.com\/blog\/local-seo-stats\/\">small local shop<\/a> or a global company, no one is completely safe from these kind of scams.<\/p>\n\n\n\n<p>To give you a clearer picture, here are some key eCommerce fraud stats that show just how widespread and serious the issue has become:<\/p>\n\n\n\n<p>1. A recent study by Juniper Research, a leader in fintech insights, shows that eCommerce fraud is set to increase. Losses are expected to climb from<a href=\"https:\/\/www.juniperresearch.com\/\"> $44.3 billion<\/a> in 2024 to $107 billion by 2029\u2014a massive 141% jump.<\/p>\n\n\n\n<p>2. Right now, online businesses are losing around<a href=\"https:\/\/www.juniperresearch.com\/press\/ecommerce-losses-online-payment-fraud-48bn?ch=ecommerce%20fraud\"> $48 billion<\/a> to fraud each year. Over the past year alone, global losses have shot up by 16%. A big reason? The rise of new payment methods like Buy Now and Pay Later has opened doors for scammers.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Value-of-ecommerce-losses-due-to-online-payment-fraud.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;955&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;764&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"955\" height=\"764\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Value-of-ecommerce-losses-due-to-online-payment-fraud.png\" alt=\"Value of ecommerce losses due to online payment fraud\" class=\"wp-image-2305\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Value-of-ecommerce-losses-due-to-online-payment-fraud.png 955w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Value-of-ecommerce-losses-due-to-online-payment-fraud-300x240.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Value-of-ecommerce-losses-due-to-online-payment-fraud-768x614.png 768w\" sizes=\"(max-width: 955px) 100vw, 955px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Value of ecommerce losses due to online payment fraud\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.tidio.com\/blog\/ecommerce-statistics\">Source<\/a><br>Value of ecommerce losses due to online payment fraud<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Value of ecommerce losses due to online payment fraud\" class=\"wp-image-2305\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.tidio.com\/blog\/ecommerce-statistics\">Source<\/a><br>Value of ecommerce losses due to online payment fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Value of ecommerce losses due to online payment fraud\" class=\"wp-image-2305\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.tidio.com\/blog\/ecommerce-statistics\">Source<\/a><br>Value of ecommerce losses due to online payment fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>3. Juniper also predicts that between 2023 and 2027, businesses could lose over<a href=\"https:\/\/www.juniperresearch.com\/pressreleases\/online-payment-fraud-losses-to-exceed-343bn\"> $343 billion<\/a> to online payment fraud. To put that in perspective, it\u2019s more than 350% of what Apple made in net income during 2021!<\/p>\n\n\n\n<p>4. In 2024,<a href=\"https:\/\/www.statista.com\/statistics\/1297428\/leading-fraud-attacks-online-merchants-worldwide\/\"> refund and policy abuse<\/a> topped the charts as the most common type of fraud, impacting nearly half of online merchants. Close behind was \u201cfriendly fraud,\u201d or first-party misuse, which affected 45% of merchants.<\/p>\n\n\n\n<p>5. When it comes to victims, people aged<a href=\"https:\/\/www.statista.com\/statistics\/1381574\/consumers-who-lost-money-due-to-online-shopping-scams-age-group\/\"> 35-44<\/a> were hit the hardest, with over 77% losing money to online purchase scams in 2022. Older adults, particularly those 55 and above, were slightly better at avoiding losses, with less than 75% reporting financial hits.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Age-group-of-identity-theft-victims.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;1238&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;713&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1238\" height=\"713\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Age-group-of-identity-theft-victims.png\" alt=\"Age group of identity theft victims\" class=\"wp-image-2306\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Age-group-of-identity-theft-victims.png 1238w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Age-group-of-identity-theft-victims-300x173.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Age-group-of-identity-theft-victims-1024x590.png 1024w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Age-group-of-identity-theft-victims-768x442.png 768w\" sizes=\"(max-width: 1238px) 100vw, 1238px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Age group of identity theft victims\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.enterpriseappstoday.com\/stats\/identity-theft-statistics.html\">Source<\/a><br>Age group of identity theft victims<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Age group of identity theft victims\" class=\"wp-image-2306\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.enterpriseappstoday.com\/stats\/identity-theft-statistics.html\">Source<\/a><br>Age group of identity theft victims<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Age group of identity theft victims\" class=\"wp-image-2306\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.enterpriseappstoday.com\/stats\/identity-theft-statistics.html\">Source<\/a><br>Age group of identity theft victims<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>6. Men are slightly more vulnerable to eCommerce scams than women. About<a href=\"https:\/\/www.statista.com\/statistics\/1381575\/consumers-who-lost-money-due-to-online-shopping-scams-gender\/\"> 72.7%<\/a> of men reported losing money, compared to 72.4% of women.<\/p>\n\n\n\n<p>7. On a positive note, the global market for fraud detection and prevention is booming. It\u2019s valued at<a href=\"https:\/\/www.360iresearch.com\/library\/intelligence\/ecommerce-fraud-detection-prevention\"> $57.51 billion<\/a> in 2024, up from $40.15 billion in 2022. By 2030, it\u2019s projected to reach an impressive $186.82 billion, growing at 21.45% annually.<\/p>\n\n\n\n<p>8. One of the biggest sources of losses is physical goods purchases. These alone are expected to account for<a href=\"https:\/\/www.juniperresearch.com\/pressreleases\/online-payment-fraud-losses-to-exceed-343bn\"> 49%<\/a> of all online payment fraud losses over the next five years, with a predicted growth of 110%.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Sources-of-losses-for-online-payment-fraud.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;773&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;766&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"773\" height=\"766\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Sources-of-losses-for-online-payment-fraud.png\" alt=\"Sources of losses for online payment fraud\" class=\"wp-image-2307\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Sources-of-losses-for-online-payment-fraud.png 773w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Sources-of-losses-for-online-payment-fraud-300x297.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Sources-of-losses-for-online-payment-fraud-150x150.png 150w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Sources-of-losses-for-online-payment-fraud-768x761.png 768w\" sizes=\"(max-width: 773px) 100vw, 773px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Sources of losses for online payment fraud\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.juniperresearch.com\/resources\/infographics\/online-payment-fraud-2028-verticals-fraudsters\/\">Source<\/a><br>Sources of losses for online payment fraud<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Sources of losses for online payment fraud\" class=\"wp-image-2307\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.juniperresearch.com\/resources\/infographics\/online-payment-fraud-2028-verticals-fraudsters\/\">Source<\/a><br>Sources of losses for online payment fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Sources of losses for online payment fraud\" class=\"wp-image-2307\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.juniperresearch.com\/resources\/infographics\/online-payment-fraud-2028-verticals-fraudsters\/\">Source<\/a><br>Sources of losses for online payment fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">eCommerce Fraud Financial and Market Stats<\/h2>\n\n\n\n<p>The <a href=\"https:\/\/keywordseverywhere.com\/blog\/ecommerce-stats\/\">eCommerce world<\/a> is hit massively by fraud every year, and billions of dollars are lost in the process.\u00a0<\/p>\n\n\n\n<p>And it\u2019s not just the value of the fraudulent orders that businesses are losing\u2014there\u2019s much more to it.&nbsp;<\/p>\n\n\n\n<p>Add in shipping costs, chargebacks, and processing fees, and the financial burden multiplies very quickly.&nbsp;<\/p>\n\n\n\n<p>Here are some eCommerce fraud stats that talk about the financial impact of this kind of fraud:<\/p>\n\n\n\n<p>9. In 2022, eCommerce companies lost about<a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\"> 2.9%<\/a> of their global revenue to fraud. While that&#8217;s a slight improvement from the 3.6% lost the previous year, we&#8217;re sure that it\u2019s still a big hit.<\/p>\n\n\n\n<p>10. Smaller businesses take a harder hit from fraud than larger ones, losing<a href=\"https:\/\/www.pymnts.com\/fraud-prevention\/2023\/smaller-fintech-issuers-lose-nearly-60-percent-more-revenue-to-fraud-than-larger-ones\/\"> 57%<\/a> more revenue on average. For small firms, this means an annual loss of around 2.2% of their revenue\u2014or roughly $200,000. Mid-sized companies also feel the pinch, with average losses of 1.6% of their revenue, compared to the 1.4% lost by larger firms.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Average-share-of-revenue-lost-due-to-fraud-in-2023.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;466&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;410&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"466\" height=\"410\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Average-share-of-revenue-lost-due-to-fraud-in-2023.png\" alt=\"Average share of revenue lost due to fraud in 2023\" class=\"wp-image-2308\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Average-share-of-revenue-lost-due-to-fraud-in-2023.png 466w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Average-share-of-revenue-lost-due-to-fraud-in-2023-300x264.png 300w\" sizes=\"(max-width: 466px) 100vw, 466px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Average share of revenue lost due to fraud in 2023\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.pymnts.com\/fraud-prevention\/2023\/smaller-fintech-issuers-lose-nearly-60-percent-more-revenue-to-fraud-than-larger-ones\/\">Source<\/a><br>Average share of revenue lost due to fraud in 2023<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Average share of revenue lost due to fraud in 2023\" class=\"wp-image-2308\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.pymnts.com\/fraud-prevention\/2023\/smaller-fintech-issuers-lose-nearly-60-percent-more-revenue-to-fraud-than-larger-ones\/\">Source<\/a><br>Average share of revenue lost due to fraud in 2023<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Average share of revenue lost due to fraud in 2023\" class=\"wp-image-2308\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.pymnts.com\/fraud-prevention\/2023\/smaller-fintech-issuers-lose-nearly-60-percent-more-revenue-to-fraud-than-larger-ones\/\">Source<\/a><br>Average share of revenue lost due to fraud in 2023<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>11. On average, eCommerce merchants spend <a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\">11%<\/a> of their yearly revenue managing fraud. Small businesses and large companies spend even more\u2014about 12%\u2014while mid-sized companies spend around 10%.<\/p>\n\n\n\n<p>12. Around<a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\"> 2.6%<\/a> of domestic eCommerce orders were fraudulent in 2022, compared to 3.1% in 2021. For international orders, 3.0% were fraudulent, down from 3.4% the year before.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-fraud-and-payment-report-2022.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;800&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;621&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"621\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-fraud-and-payment-report-2022.png\" alt=\"Global fraud and payment report 2022\" class=\"wp-image-2309\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-fraud-and-payment-report-2022.png 800w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-fraud-and-payment-report-2022-300x233.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-fraud-and-payment-report-2022-768x596.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Global fraud and payment report 2022\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\">Source<\/a><br>Global fraud and payment report 2022<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Global fraud and payment report 2022\" class=\"wp-image-2309\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\">Source<\/a><br>Global fraud and payment report 2022<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Global fraud and payment report 2022\" class=\"wp-image-2309\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\">Source<\/a><br>Global fraud and payment report 2022<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>13. A study by Signifyd in 2023 found that for every<a href=\"https:\/\/www.signifyd.com\/ecommerce-fraud-prevention-best-practices-statistics-trends-report\/\"> $100<\/a> lost to fraud, businesses actually lose $207 once wholesale costs, fulfillment, shipping, chargebacks, and processing fees are factored in.<\/p>\n\n\n\n<p>14. When it comes to payment methods, wire transfers are the riskiest, with consumers losing an average of<a href=\"https:\/\/www.demandsage.com\/ecommerce-fraud-statistics\/\"> $439 million<\/a> to fraud. Credit card and gift card payments also took big hits, losing $125 million and $103 million, respectively.<\/p>\n\n\n\n<p>15. The median loss per <a href=\"https:\/\/keywordseverywhere.com\/blog\/online-shopping-stats\/\">online purchase<\/a> scam was<a href=\"https:\/\/www.statista.com\/statistics\/1273330\/\"> $114<\/a> in 2022, up from $101 in 2021 and $96 the year before. These losses had decreased after 2017 but surged again during the pandemic.<\/p>\n\n\n\n<p>16. Fraudulent chargebacks alone cost businesses a jaw-dropping<a href=\"https:\/\/www.merchantfraudjournal.com\/card-not-present-fraud\"> $40 billion<\/a> annually. It\u2019s no surprise, then, that eCommerce companies dedicate such a big portion of their revenue (<a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\">10%<\/a>) to fraud protection.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-annual-eCommerce-revenue-spent-to-manage-fraud.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;653&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;383&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"653\" height=\"383\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-annual-eCommerce-revenue-spent-to-manage-fraud.png\" alt=\"Percentage of annual eCommerce revenue spent to manage fraud\" class=\"wp-image-2310\" style=\"width:656px;height:auto\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-annual-eCommerce-revenue-spent-to-manage-fraud.png 653w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-annual-eCommerce-revenue-spent-to-manage-fraud-300x176.png 300w\" sizes=\"(max-width: 653px) 100vw, 653px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Percentage of annual eCommerce revenue spent to manage fraud\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\">Source<br><\/a>Percentage of annual eCommerce revenue spent to manage fraud<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full is-resized responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Percentage of annual eCommerce revenue spent to manage fraud\" class=\"wp-image-2310\" style=\"width:656px;height:auto\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\">Source<br><\/a>Percentage of annual eCommerce revenue spent to manage fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full is-resized enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Percentage of annual eCommerce revenue spent to manage fraud\" class=\"wp-image-2310\" style=\"width:656px;height:auto\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.cybersource.com\/content\/dam\/documents\/campaign\/fraud-report\/global-fraud-report-2022.pdf\">Source<br><\/a>Percentage of annual eCommerce revenue spent to manage fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">eCommerce Fraud Location Stats<\/h2>\n\n\n\n<p>Where are all these fraudulent transactions taking place?&nbsp;<\/p>\n\n\n\n<p>Unsurprisingly, the United States leads the pack with the highest number of consumers affected by fraud.&nbsp;<\/p>\n\n\n\n<p>This isn\u2019t shocking at all, given that the country has also been a major target of high-profile cyber-attacks over the years.&nbsp;<\/p>\n\n\n\n<p>But fraud isn\u2019t limited to the US\u2014it\u2019s a global issue affecting businesses and consumers everywhere in the world.&nbsp;<\/p>\n\n\n\n<p>Let\u2019s take a closer look at some important eCommerce fraud stats that show how much fraud is happening in different regions:<\/p>\n\n\n\n<p>17. North America is leading the pack when it comes to eCommerce fraud. In 2023, over<a href=\"https:\/\/www.juniperresearch.com\/press\/ecommerce-losses-online-payment-fraud-48bn\"> 42%<\/a> of all online fraud worldwide came from this region.<\/p>\n\n\n\n<p>18. The US stands out as the most fraud-prone country, with <a href=\"https:\/\/www.cnbc.com\/video\/2021\/01\/27\/why-credit-card-fraud-hasnt-stopped-in-the-us.html\">34%<\/a> of people saying they\u2019ve fallen victim to scams\u2014and chances are that number is even higher now.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/US-states-with-the-most-online-purchase-scams.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;794&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;705&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"705\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/US-states-with-the-most-online-purchase-scams.png\" alt=\"US states with the most online purchase scams\" class=\"wp-image-2311\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/US-states-with-the-most-online-purchase-scams.png 794w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/US-states-with-the-most-online-purchase-scams-300x266.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/US-states-with-the-most-online-purchase-scams-768x682.png 768w\" sizes=\"(max-width: 794px) 100vw, 794px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: US states with the most online purchase scams\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.coventrydirect.com\/blog\/most-online-purchase-scams\/\">Source<\/a><br>US states with the most online purchase scams<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"US states with the most online purchase scams\" class=\"wp-image-2311\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.coventrydirect.com\/blog\/most-online-purchase-scams\/\">Source<\/a><br>US states with the most online purchase scams<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"US states with the most online purchase scams\" class=\"wp-image-2311\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.coventrydirect.com\/blog\/most-online-purchase-scams\/\">Source<\/a><br>US states with the most online purchase scams<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>19. In Montana, things were rough between 2021 and 2022. It had the highest rate of online purchase scams, with residents losing about<a href=\"https:\/\/www.coventrydirect.com\/blog\/most-online-purchase-scams\/\"> $2,700<\/a> for every 100,000 people.<\/p>\n\n\n\n<p>20. Over the past year, Arizona saw the biggest losses to online scammers, with residents losing an average of<a href=\"https:\/\/www.coventrydirect.com\/blog\/most-online-purchase-scams\/\"> $4,749<\/a> per 100,000 people.<\/p>\n\n\n\n<p>21. Missouri wasn\u2019t far behind, with losses slightly over<a href=\"https:\/\/www.coventrydirect.com\/blog\/most-online-purchase-scams\/\"> $4,600<\/a> per 100,000. Scammers there have even stooped to pretending to sell puppies to trick people.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Money-lost-to-scammers-in-the-US.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;714&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;767&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"714\" height=\"767\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Money-lost-to-scammers-in-the-US.png\" alt=\"Money lost to scammers in the US\" class=\"wp-image-2312\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Money-lost-to-scammers-in-the-US.png 714w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Money-lost-to-scammers-in-the-US-279x300.png 279w\" sizes=\"(max-width: 714px) 100vw, 714px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Money lost to scammers in the US\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.coventrydirect.com\/blog\/most-online-purchase-scams\/\">Source<\/a><br>Money lost to scammers in the US<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Money lost to scammers in the US\" class=\"wp-image-2312\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.coventrydirect.com\/blog\/most-online-purchase-scams\/\">Source<\/a><br>Money lost to scammers in the US<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Money lost to scammers in the US\" class=\"wp-image-2312\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.coventrydirect.com\/blog\/most-online-purchase-scams\/\">Source<\/a><br>Money lost to scammers in the US<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>22. In 2022, about one in four online retailers in Mexico noticed more \u201cfriendly fraud\u201d (where buyers dispute legitimate purchases). In Germany, nearly a<a href=\"https:\/\/www.statista.com\/statistics\/1298785\/increase-leading-fraud-types-e-commerce-country\/\"> third<\/a> of merchants said they saw an increase in friendly fraud, and half reported more cases of promotion abuse.<\/p>\n\n\n\n<p>23. Canada and Australia also faced major challenges, with around<a href=\"https:\/\/www.statista.com\/statistics\/1298785\/increase-leading-fraud-types-e-commerce-country\/\"> 70%<\/a> of online merchants reporting a rise in payment fraud.<\/p>\n\n\n\n<p>24. In Latin America, <a href=\"https:\/\/keywordseverywhere.com\/blog\/ecommerce-stats\/\">eCommerce is growing<\/a>, but so is fraud. Around<a href=\"https:\/\/www.paymentscardsandmobile.com\/digital-payments-bloom-in-latin-america-but-fraud-flourishes\/\"> 20%<\/a> of eCommerce revenue in this region is believed to be lost to scams, making it second only to Southeast Asia in fraud levels.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Online-payment-fraud-by-region.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;1356&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;658&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1356\" height=\"658\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Online-payment-fraud-by-region.png\" alt=\"Online payment fraud by region\" class=\"wp-image-2313\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Online-payment-fraud-by-region.png 1356w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Online-payment-fraud-by-region-300x146.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Online-payment-fraud-by-region-1024x497.png 1024w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Online-payment-fraud-by-region-768x373.png 768w\" sizes=\"(max-width: 1356px) 100vw, 1356px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Online payment fraud by region\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.chargeflow.io\/blog\/ai-powered-fraud-detection-enhancing-security-ecommerce\">Source<\/a><br>Online payment fraud by region<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Online payment fraud by region\" class=\"wp-image-2313\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.chargeflow.io\/blog\/ai-powered-fraud-detection-enhancing-security-ecommerce\">Source<\/a><br>Online payment fraud by region<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Online payment fraud by region\" class=\"wp-image-2313\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.chargeflow.io\/blog\/ai-powered-fraud-detection-enhancing-security-ecommerce\">Source<\/a><br>Online payment fraud by region<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>25. A 2022 survey found that<a href=\"https:\/\/ekata.com\/blog\/ecommerce-fraud-trends-and-statistics-merchants-need-to-know-in-2023\/\"> 3.7%<\/a> of all eCommerce orders in Latin America were fraudulent. While Latin America led in domestic fraud, Asia-Pacific topped the charts for fraud involving international orders.<\/p>\n\n\n\n<p>26. Asia-Pacific, the biggest eCommerce market globally, lost a staggering<a href=\"https:\/\/merchantriskcouncil.org\/who-we-are\/mrc-news\/news\/2023\/new-se-asia-ecommerce-fraud-ring\"> $700 million<\/a> to online fraud in just the last quarter of 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Types of eCommerce Fraud Stats<\/h2>\n\n\n\n<p>The methods for committing eCommerce fraud are always changing. Fraudsters use various strategies like the ones below to deceive both shoppers and businesses for their own gain.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Phishing<\/h3>\n\n\n\n<p>Phishing uses phone calls, text messages, or fake websites to trick people into giving their personal information, which scammers then use for fraud transactions.<\/p>\n\n\n\n<p>In these attacks, the scammer pretends to be a trusted person or a representative of a familiar brand, convincing the victim to act\u2014like clicking on a link.<\/p>\n\n\n\n<p>Once the link is clicked, it can install ransomware that secretly tracks the victim\u2019s activity and steals all their sensitive data.<\/p>\n\n\n\n<p>27. In 2024, phishing was the<a href=\"https:\/\/www.statista.com\/statistics\/1297428\/leading-fraud-attacks-online-merchants-worldwide\/\"> third<\/a> most common type of fraud faced by online merchants globally, affecting 42% of them, according to Statista.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Most-common-types-of-fraud-experienced-by-online-merchants-in-2024.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;712&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;650&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"712\" height=\"650\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Most-common-types-of-fraud-experienced-by-online-merchants-in-2024.png\" alt=\"Most common types of fraud experienced by online merchants in 2024\" class=\"wp-image-2314\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Most-common-types-of-fraud-experienced-by-online-merchants-in-2024.png 712w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Most-common-types-of-fraud-experienced-by-online-merchants-in-2024-300x274.png 300w\" sizes=\"(max-width: 712px) 100vw, 712px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Most common types of fraud experienced by online merchants in 2024\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.statista.com\/statistics\/1297428\/leading-fraud-attacks-online-merchants-worldwide\/\">Source<\/a><br>Most common types of fraud experienced by online merchants in 2024<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Most common types of fraud experienced by online merchants in 2024\" class=\"wp-image-2314\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.statista.com\/statistics\/1297428\/leading-fraud-attacks-online-merchants-worldwide\/\">Source<\/a><br>Most common types of fraud experienced by online merchants in 2024<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Most common types of fraud experienced by online merchants in 2024\" class=\"wp-image-2314\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.statista.com\/statistics\/1297428\/leading-fraud-attacks-online-merchants-worldwide\/\">Source<\/a><br>Most common types of fraud experienced by online merchants in 2024<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>28. When it comes to fraud spikes during the COVID-19 pandemic, account takeover (ATO) attacks saw the biggest jump, increasing by 282%. Phishing websites followed with a<a href=\"https:\/\/www.europeanpaymentscouncil.eu\/sites\/default\/files\/inline-files\/fraud-prevention-in-ecommerce-report-20202021.pdf\"> 250%<\/a> rise, fraud attempt rates went up by 100%, and fraud losses increased by 87%.<\/p>\n\n\n\n<p>29. Google also reported a huge<a href=\"https:\/\/www.forbes.com\/sites\/jessedamiani\/2020\/03\/26\/google-data-reveals-350-surge-in-phishing-websites-during-coronavirus-pandemic\/\"> 350%<\/a> surge in phishing websites using <a href=\"https:\/\/keywordseverywhere.com\/blog\/the-7-best-keyword-explorers\/\">coronavirus-related keywords<\/a> in March 2020.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Credit Card Fraud<\/h3>\n\n\n\n<p>Credit card fraud happens when criminals use stolen or fake credit card details to make unauthorized online purchases.<\/p>\n\n\n\n<p>30. <a href=\"https:\/\/www.security.org\/digital-safety\/credit-card-fraud-report\/\">60%<\/a> of U.S. credit card holders have fallen victim to fraud, and 45% of them have been scammed multiple times.<\/p>\n\n\n\n<p>31. Only<a href=\"https:\/\/www.security.org\/digital-safety\/credit-card-fraud-report\/\"> 7%<\/a> of those fraudulent charges were stolen or lost credit cards, while the rest came from scammers accessing personal data and account info remotely.<\/p>\n\n\n\n<p>32. Global credit card fraud is projected to hit<a href=\"https:\/\/chargebacks911.com\/credit-card-fraud-statistics\/\"> $43 billion<\/a> by 2026. This is a huge jump from $9.84 billion in 2011 and $32.4 billion in 2021. If these predictions hold, it would mean a roughly 4.5x increase in just 15 years.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-losses-from-credit-card-projections.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;927&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;637&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"927\" height=\"637\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-losses-from-credit-card-projections.png\" alt=\"Global losses from credit card projections\" class=\"wp-image-2315\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-losses-from-credit-card-projections.png 927w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-losses-from-credit-card-projections-300x206.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-losses-from-credit-card-projections-768x528.png 768w\" sizes=\"(max-width: 927px) 100vw, 927px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Global losses from credit card projections\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/merchantcostconsulting.com\/lower-credit-card-processing-fees\/credit-card-fraud-statistics\/\">Source<\/a><br>Global losses from credit card projections<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Global losses from credit card projections\" class=\"wp-image-2315\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/merchantcostconsulting.com\/lower-credit-card-processing-fees\/credit-card-fraud-statistics\/\">Source<\/a><br>Global losses from credit card projections<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Global losses from credit card projections\" class=\"wp-image-2315\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/merchantcostconsulting.com\/lower-credit-card-processing-fees\/credit-card-fraud-statistics\/\">Source<\/a><br>Global losses from credit card projections<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>33. <a href=\"https:\/\/www.security.org\/digital-safety\/credit-card-fraud-report\/\">Four out of five<\/a> American adults now have at least one credit card, and three out of five cardholders have experienced unauthorized charges\u2014an estimated 128 million victims. Of those, 75% reported having fallen victim to credit card fraud more than once.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-credit-card-holder-experiencing-fraud.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;929&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;588&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"929\" height=\"588\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-credit-card-holder-experiencing-fraud.png\" alt=\"Percentage of credit card holder experiencing fraud\" class=\"wp-image-2316\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-credit-card-holder-experiencing-fraud.png 929w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-credit-card-holder-experiencing-fraud-300x190.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-credit-card-holder-experiencing-fraud-768x486.png 768w\" sizes=\"(max-width: 929px) 100vw, 929px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Percentage of credit card holder experiencing fraud\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.security.org\/digital-safety\/credit-card-fraud-report\/\">Source<\/a><br>Percentage of credit card holder experiencing fraud<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Percentage of credit card holder experiencing fraud\" class=\"wp-image-2316\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.security.org\/digital-safety\/credit-card-fraud-report\/\">Source<\/a><br>Percentage of credit card holder experiencing fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Percentage of credit card holder experiencing fraud\" class=\"wp-image-2316\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.security.org\/digital-safety\/credit-card-fraud-report\/\">Source<\/a><br>Percentage of credit card holder experiencing fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Triangulation Fraud<\/h3>\n\n\n\n<p>Now this kind of fraud involves three parties: a buyer, a scammer, and a merchant.<\/p>\n\n\n\n<p>The scammer posts a fake listing with a very low price on an eCommerce site that allows third-party sellers.<\/p>\n\n\n\n<p>Once the buyer makes the purchase, the scammer uses stolen credentials to order a real version of the product and keeps all the money the buyer paid.<\/p>\n\n\n\n<p>The seller then faces chargebacks for the fraudulent transaction, meaning they have to refund the money and pay extra fees.<\/p>\n\n\n\n<p>The merchant may chat with the buyer to demand the product back, which could result in fraud charges.<\/p>\n\n\n\n<p>34. Triangulation fraud is costing merchants big time, with the payments industry estimating losses between<a href=\"https:\/\/www.helpnetsecurity.com\/2024\/04\/30\/mike-lemberger-visa-triangulation-fraud-schemes\/\"> $660 million<\/a> and $1 billion every month.<\/p>\n\n\n\n<p>35. Experts also predict that by 2024, card-not-present (CNP) fraud, which includes triangulation fraud, will lead to over <a href=\"https:\/\/www.emarketer.com\/content\/spotlight-us-card-payment-fraud-losses-forecast-2022\">$10 billion<\/a> in losses in the United States alone. That would make up 74% of all fraud cases.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/US-total-card-fraud-loss-by-channel-2024-1.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;470&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;502&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"470\" height=\"502\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/US-total-card-fraud-loss-by-channel-2024-1.png\" alt=\"US total card fraud loss by channel (2024)\" class=\"wp-image-2317\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/US-total-card-fraud-loss-by-channel-2024-1.png 470w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/US-total-card-fraud-loss-by-channel-2024-1-281x300.png 281w\" sizes=\"(max-width: 470px) 100vw, 470px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: US total card fraud loss by channel (2024)\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.emarketer.com\/content\/spotlight-us-card-payment-fraud-losses-forecast-2022\">Source<\/a><br>US total card fraud loss by channel (2024)<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"US total card fraud loss by channel (2024)\" class=\"wp-image-2317\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.emarketer.com\/content\/spotlight-us-card-payment-fraud-losses-forecast-2022\">Source<\/a><br>US total card fraud loss by channel (2024)<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"US total card fraud loss by channel (2024)\" class=\"wp-image-2317\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.emarketer.com\/content\/spotlight-us-card-payment-fraud-losses-forecast-2022\">Source<\/a><br>US total card fraud loss by channel (2024)<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Chargeback Fraud (Friendly Fraud)<\/h3>\n\n\n\n<p>Chargeback fraud (aka friendly fraud) happens when a customer buys something with a credit card, gets the products or services, and then disputes the charge with their credit card firm to claim a refund.&nbsp;<\/p>\n\n\n\n<p>It\u2019s often called \u201cfriendly\u201d because the customer may not mean harm but disputes the charge for unfair or invalid reasons.<\/p>\n\n\n\n<p>36. By 2024, eCommerce losses from online payment fraud are expected to top<a href=\"https:\/\/www.juniperresearch.com\/press\/ecommerce-losses-to-online-payment-fraud-to-exceed\"> $25 billion<\/a> annually, as per Juniper Research.<\/p>\n\n\n\n<p>37. One of the most common fraud types is first-party misuse, also famous as &#8220;friendly fraud&#8221; or chargeback fraud. In 2022, this type of fraud affected<a href=\"https:\/\/www.cybersource.com\/fraud_survey.html\"> 34%<\/a> of eCommerce merchants worldwide.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-friendly-fraud-rates-2022-vs-2023.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;1000&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;595&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"595\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-friendly-fraud-rates-2022-vs-2023.png\" alt=\"Global friendly fraud rates (2022 vs 2023)\" class=\"wp-image-2318\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-friendly-fraud-rates-2022-vs-2023.png 1000w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-friendly-fraud-rates-2022-vs-2023-300x179.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Global-friendly-fraud-rates-2022-vs-2023-768x457.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Global friendly fraud rates (2022 vs 2023)\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/kount.com\/resources\/ebooks\/disputes-chargebacks-overcoming-challenges-2024\">Source<\/a><br>Global friendly fraud rates (2022 vs 2023)<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Global friendly fraud rates (2022 vs 2023)\" class=\"wp-image-2318\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/kount.com\/resources\/ebooks\/disputes-chargebacks-overcoming-challenges-2024\">Source<\/a><br>Global friendly fraud rates (2022 vs 2023)<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Global friendly fraud rates (2022 vs 2023)\" class=\"wp-image-2318\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/kount.com\/resources\/ebooks\/disputes-chargebacks-overcoming-challenges-2024\">Source<\/a><br>Global friendly fraud rates (2022 vs 2023)<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>38. <a href=\"https:\/\/www.cybersource.com\/fraud_survey.html\">18%<\/a> of all eCommerce fraud disputes were due to first-party misuse (that&#8217;s friendly fraud). Merchants end up spending around $35 to manage fraud for every $100 in friendly fraud disputes.<\/p>\n\n\n\n<p>39. While some chargebacks happen because of confusion, mistakes, or customer dissatisfaction,<a href=\"https:\/\/www.cybersource.com\/fraud_survey.html\"> 58%<\/a> of eCommerce merchants believe customers mainly try to get free products when committing friendly fraud.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Account Takeover (ATO)&nbsp;<\/h3>\n\n\n\n<p>Account takeover fraud happens when a scammer gets access to someone\u2019s online account, like a bank or email account, by stealing all their login details through phishing or some other tricks.<\/p>\n\n\n\n<p>40. The top five attacks on eCommerce sites include account takeover (ATO) at<a href=\"https:\/\/info.signalsciences.com\/hubfs\/resources\/report-rising-tide-ecommerce-fraud.pdf\"> 29.8%<\/a>, bot imposters at 24.1%, SQL injection (SQLI) at 8.2%, cross-site scripting (XSS) at 8.7%, and backdoor files at 6.4%. The &#8220;other&#8221; category makes up 22.8% of attacks.<\/p>\n\n\n\n<p>41. In 2023, about<a href=\"https:\/\/www.security.org\/digital-safety\/account-takeover-annual-report\/\"> 29%<\/a> of people experienced account takeover, up from 22% in 2021\u2014roughly 77 million adults. Business or work account takeovers also saw an increase.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Account-Takeover-fraud-has-increased-over-the-years.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;1020&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;606&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"606\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Account-Takeover-fraud-has-increased-over-the-years.png\" alt=\"Account Takeover fraud has increased over the years\" class=\"wp-image-2319\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Account-Takeover-fraud-has-increased-over-the-years.png 1020w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Account-Takeover-fraud-has-increased-over-the-years-300x178.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Account-Takeover-fraud-has-increased-over-the-years-768x456.png 768w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Account Takeover fraud has increased over the years\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.security.org\/digital-safety\/account-takeover-annual-report\/\">Source<\/a><br>Account Takeover fraud has increased over the years<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Account Takeover fraud has increased over the years\" class=\"wp-image-2319\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.security.org\/digital-safety\/account-takeover-annual-report\/\">Source<\/a><br>Account Takeover fraud has increased over the years<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Account Takeover fraud has increased over the years\" class=\"wp-image-2319\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.security.org\/digital-safety\/account-takeover-annual-report\/\">Source<\/a><br>Account Takeover fraud has increased over the years<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>42. According to<a href=\"https:\/\/www.security.org\/digital-safety\/account-takeover-annual-report\/\"> Security.org<\/a>, over 24 million households have fallen victim to ATO, with the average financial loss per case around $12,000.<\/p>\n\n\n\n<p>43. Javelin\u2019s 2022 report found that<a href=\"https:\/\/javelinstrategy.com\/press-release\/identity-fraud-losses-total-52-billion-2021-impacting-42-million-us-adults\"> $11.4 billion<\/a> was lost to account takeover fraud.<\/p>\n\n\n\n<p>44. The frequency of ATO attacks skyrocketed by<a href=\"https:\/\/www.demandsage.com\/ecommerce-fraud-statistics\/\"> 307%<\/a> between 2019 and 2021, especially during the pandemic when more new accounts were created across different platforms.<\/p>\n\n\n\n<p>45. While most ATO victims had personal accounts breached,<a href=\"https:\/\/www.security.org\/digital-safety\/account-takeover-annual-report\/\"> 21%<\/a> of victims had their work or business accounts taken over\u2014up from 13% in 2021.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Type-of-account-taken-over-by-fraud.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;1021&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;604&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1021\" height=\"604\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Type-of-account-taken-over-by-fraud.png\" alt=\"Type of account taken over by fraud\" class=\"wp-image-2320\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Type-of-account-taken-over-by-fraud.png 1021w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Type-of-account-taken-over-by-fraud-300x177.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Type-of-account-taken-over-by-fraud-768x454.png 768w\" sizes=\"(max-width: 1021px) 100vw, 1021px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Type of account taken over by fraud\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.security.org\/digital-safety\/account-takeover-annual-report\/\">Source<\/a><br>Type of account taken over by fraud<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Type of account taken over by fraud\" class=\"wp-image-2320\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.security.org\/digital-safety\/account-takeover-annual-report\/\">Source<\/a><br>Type of account taken over by fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Type of account taken over by fraud\" class=\"wp-image-2320\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.security.org\/digital-safety\/account-takeover-annual-report\/\">Source<\/a><br>Type of account taken over by fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Identity Theft<\/h3>\n\n\n\n<p>Identity theft happens when somebody takes all your personal information without permission and then uses it to carry out eCommerce fraud.<\/p>\n\n\n\n<p>This can involve stolen details like credit card numbers, addresses, bank account information, or even insurance data.<\/p>\n\n\n\n<p>Once the thief gets all this information, they can commit fraud while pretending to be the account holder.<\/p>\n\n\n\n<p>46. In 2022, the Federal Trade Commission\u2019s Consumer Sentinel Network Data Book reported that identity theft made up about<a href=\"https:\/\/www.ftc.gov\/reports\/consumer-sentinel-network-data-book-2022\"> 21.5%<\/a> of all fraud cases, highlighting its growing threat to online retailers.<\/p>\n\n\n\n<p>47. Out of all the<a href=\"https:\/\/identitytheft.org\/statistics\/\"> 5.7 million<\/a> fraud cases reported to the FTC, 1.4 million (25%) were specifically related to identity theft. The FTC separates identity theft into its own category, distinct from other types of fraud.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Number-of-identity-theft-reports-by-year.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;768&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;508&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"508\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Number-of-identity-theft-reports-by-year.png\" alt=\"Number of identity theft reports by year\" class=\"wp-image-2321\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Number-of-identity-theft-reports-by-year.png 768w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Number-of-identity-theft-reports-by-year-300x198.png 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Number of identity theft reports by year\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/identitytheft.org\/statistics\/\">Source<\/a><br>Number of identity theft reports by year<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Number of identity theft reports by year\" class=\"wp-image-2321\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/identitytheft.org\/statistics\/\">Source<\/a><br>Number of identity theft reports by year<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Number of identity theft reports by year\" class=\"wp-image-2321\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/identitytheft.org\/statistics\/\">Source<\/a><br>Number of identity theft reports by year<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>48. The number of identity theft cases in the U.S. is nearly<a href=\"https:\/\/identitytheft.org\/statistics\/\"> three times<\/a> higher than in other countries. Around 33% of Americans have experienced some form of identity theft at least once.<\/p>\n\n\n\n<p>49. People aged<a href=\"https:\/\/identitytheft.org\/statistics\/\"> 30-39<\/a> are the most commonly targeted group for identity theft. Over the past decade, the total number of fraud and identity theft cases has nearly tripled.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Identity-theft-reports-by-age.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;748&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;374&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"748\" height=\"374\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Identity-theft-reports-by-age.png\" alt=\"Identity theft reports by age\" class=\"wp-image-2322\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Identity-theft-reports-by-age.png 748w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Identity-theft-reports-by-age-300x150.png 300w\" sizes=\"(max-width: 748px) 100vw, 748px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Identity theft reports by age\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/identitytheft.org\/statistics\/\">Source<\/a><br>Identity theft reports by age<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Identity theft reports by age\" class=\"wp-image-2322\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/identitytheft.org\/statistics\/\">Source<\/a><br>Identity theft reports by age<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Identity theft reports by age\" class=\"wp-image-2322\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/identitytheft.org\/statistics\/\">Source<\/a><br>Identity theft reports by age<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>50. In Europe, one in five people faced identity theft between 2020 and 2022, with identity theft being the<a href=\"https:\/\/finanso.se\/one-in-five-europeans-have-experienced-identity-theft-fraud-in-the-last-two-years\/\"> second most common<\/a> type of fraud in the region, according to Finanso.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">eCommerce Fraud Prevention Stats<\/h2>\n\n\n\n<p>The huge financial losses from fraud really show the need for strong security measures. Unfortunately, not many businesses are putting enough money into fraud prevention and protection.<\/p>\n\n\n\n<p>Here are some key eCommerce fraud stats that reveal how much companies are investing in preventive measures and what methods are proving most effective in fighting eCommerce fraud:<\/p>\n\n\n\n<p>51. <a href=\"https:\/\/pages.ravelin.com\/fraud-and-payments-survey-2023\">75%<\/a> of eCommerce companies plan to boost their fraud prevention budgets in the next year, with 20% aiming for an increase of at least 20%. However, 5% of companies said they\u2019ll reduce their budget.<\/p>\n\n\n\n<p>52. <a href=\"https:\/\/pages.ravelin.com\/fraud-and-payments-survey-2023\">61%<\/a> of eCommerce merchants believe two-factor authentication is the best way to prevent fraud. 53% of merchants think device ID solutions are the most effective, while 45% and 40% find rules and behavioral biometrics to be highly effective.<\/p>\n\n\n\n<p>53. <a href=\"https:\/\/www.demandsage.com\/ecommerce-fraud-statistics\/\">63%<\/a> of eCommerce businesses plan to reduce or eliminate manual screening of orders. Currently, eCommerce companies manually screen about 19% of orders for fraud, and 15% of those screened orders are found to be fraudulent, making up 3% of all orders.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Merchants-beliefs-about-fraud-prevention.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;946&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;492&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"946\" height=\"492\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Merchants-beliefs-about-fraud-prevention.png\" alt=\"Merchant's beliefs about fraud prevention\" class=\"wp-image-2323\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Merchants-beliefs-about-fraud-prevention.png 946w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Merchants-beliefs-about-fraud-prevention-300x156.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Merchants-beliefs-about-fraud-prevention-768x399.png 768w\" sizes=\"(max-width: 946px) 100vw, 946px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Merchant&#039;s beliefs about fraud prevention\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/spd.tech\/ecommerce-devleopment\/e-commerce-fraud-detection\/\">Source<\/a><br>Merchant&#8217;s beliefs about fraud prevention<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Merchant's beliefs about fraud prevention\" class=\"wp-image-2323\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/spd.tech\/ecommerce-devleopment\/e-commerce-fraud-detection\/\">Source<\/a><br>Merchant&#8217;s beliefs about fraud prevention<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Merchant's beliefs about fraud prevention\" class=\"wp-image-2323\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/spd.tech\/ecommerce-devleopment\/e-commerce-fraud-detection\/\">Source<\/a><br>Merchant&#8217;s beliefs about fraud prevention<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>54. Around<a href=\"https:\/\/pages.ravelin.com\/fraud-and-payments-survey-2023\"> 80%<\/a> of merchants use outsourced tools for fraud prevention, as in-house solutions are more expensive to maintain. Larger businesses prefer outsourced options for this reason.<\/p>\n\n\n\n<p>55. <a href=\"https:\/\/pages.ravelin.com\/fraud-and-payments-survey-2023\">59%<\/a> of eCommerce companies use CAPTCHAs to stop account takeover fraud, with 46% using additional bot detection tools, 26% using behavioral biometrics, and 38% relying on two-factor authentication.<\/p>\n\n\n\n<p>56. The most<a href=\"https:\/\/www.statista.com\/statistics\/734677\/north-american-fraud-detection-tool-businesses\/\"> commonly used fraud detection tools<\/a> are card verification numbers (CVN) at 88%, address verification services (AVS) at 82%, postal address validation at 60%, geographic indicators\/maps at 54%, email verification at 54%, and phone number verification\/reverse lookup at 49%.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Most-adopted-fraud-detection-tools-in-the-US-and-Canada.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;718&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;506&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"718\" height=\"506\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Most-adopted-fraud-detection-tools-in-the-US-and-Canada.png\" alt=\"Most-adopted fraud detection tools in the US and Canada\" class=\"wp-image-2324\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Most-adopted-fraud-detection-tools-in-the-US-and-Canada.png 718w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Most-adopted-fraud-detection-tools-in-the-US-and-Canada-300x211.png 300w\" sizes=\"(max-width: 718px) 100vw, 718px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Most-adopted fraud detection tools in the US and Canada\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.statista.com\/statistics\/734677\/north-american-fraud-detection-tool-businesses\/\">Source<\/a><br>Most-adopted fraud detection tools in the US and Canada<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Most-adopted fraud detection tools in the US and Canada\" class=\"wp-image-2324\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.statista.com\/statistics\/734677\/north-american-fraud-detection-tool-businesses\/\">Source<\/a><br>Most-adopted fraud detection tools in the US and Canada<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Most-adopted fraud detection tools in the US and Canada\" class=\"wp-image-2324\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.statista.com\/statistics\/734677\/north-american-fraud-detection-tool-businesses\/\">Source<\/a><br>Most-adopted fraud detection tools in the US and Canada<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>57. <a href=\"https:\/\/kount.com\/white-paper-protecting-digital-innovation-report\">42%<\/a> of businesses say digital fraud is slowing their innovation and expansion into <a href=\"https:\/\/keywordseverywhere.com\/blog\/digital-marketing-stats\/\">new digital channels<\/a>, but only 34% of retailers are investing in fraud prevention.<\/p>\n\n\n\n<p>58. Companies with fraud prevention programs saved<a href=\"https:\/\/www.merchantsavvy.co.uk\/payment-fraud-statistics\/\"> 42%<\/a> in fraud attack response costs and 17% in remedy costs compared to those without such programs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">eCommerce Fraud Consumer Stats<\/h2>\n\n\n\n<p>Attacks like account takeovers affect customers just as it affects vendors. But the thing is, some consumers play a role in the fraud issue through tactics like friendly fraud, including return abuse and policy violations.&nbsp;<\/p>\n\n\n\n<p>These eCommerce fraud stats talk about the fraud issue from the consumer&#8217;s perspective.<\/p>\n\n\n\n<p>59. A recent survey by Signifyd found that<a href=\"https:\/\/www.signifyd.com\/ecommerce-fraud-prevention-best-practices-statistics-trends-report\/\"> 25%<\/a> of eCommerce shoppers have engaged in some form of policy fraud. Here&#8217;s a breakdown:<\/p>\n\n\n\n<ul>\n<li>25% asked for a refund but kept the product<\/li>\n\n\n\n<li>24% returned a another item than what they bought<\/li>\n\n\n\n<li>22% lied about receiving a subpar product<\/li>\n\n\n\n<li>21% claimed an order didn\u2019t arrive<\/li>\n<\/ul>\n\n\n\n<p>60. <a href=\"https:\/\/www.riskified.com\/blog\/return-fraud-consumer-survey-2022\/\">Riskified<\/a> surveyed 1,000 U.S. eCommerce shoppers about return fraud and other policy abuses. Of the 45% who admitted to one or more actions, only 39% realized their actions were fraudulent.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-US-shoppers-who-admitted-to-committing-fraud.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;565&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;597&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"565\" height=\"597\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-US-shoppers-who-admitted-to-committing-fraud.png\" alt=\"Percentage of US shoppers who admitted to committing fraud\" class=\"wp-image-2325\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-US-shoppers-who-admitted-to-committing-fraud.png 565w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Percentage-of-US-shoppers-who-admitted-to-committing-fraud-284x300.png 284w\" sizes=\"(max-width: 565px) 100vw, 565px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Percentage of US shoppers who admitted to committing fraud\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.riskified.com\/blog\/return-fraud-consumer-survey-2022\/\">Source<\/a><br>Percentage of US shoppers who admitted to committing fraud<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Percentage of US shoppers who admitted to committing fraud\" class=\"wp-image-2325\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.riskified.com\/blog\/return-fraud-consumer-survey-2022\/\">Source<\/a><br>Percentage of US shoppers who admitted to committing fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Percentage of US shoppers who admitted to committing fraud\" class=\"wp-image-2325\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/www.riskified.com\/blog\/return-fraud-consumer-survey-2022\/\">Source<\/a><br>Percentage of US shoppers who admitted to committing fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>61. According to the BBB Scam Tracker, online shopping scams accounted for<a href=\"https:\/\/bbbfoundation.images.worldnow.com\/library\/d2727fa5-c843-48f2-95aa-5e018bd7b39c.pdf\"> 30%<\/a> of all online scams in 2022. Of these, 71.6% led to financial losses for the victims.<\/p>\n\n\n\n<p>62. For many, payment fraud is a recurring issue. Among those who have experienced fraud,<a href=\"https:\/\/resources.sift.com\/ebook\/q1-2023-digital-trust-safety-index-payment-fraud\/?utm_source=google&amp;utm_medium=cpc&amp;obility_id=147528165015&amp;utm_campaign=NA_-_US_-_Payment_Fraud_eCommerce&amp;utm_adgroup=eCommerce_Fraud&amp;utm_term=ecommerce%20payment%20fraud&amp;utm_content=654109379753&amp;gclid=CjwKCAjwsvujBhAXEiwA_UXnAF0VRspeRddk06JTRP5-7IlfkQ6XFXSbt-17FenKpN7j-IPLylYGERoChHgQAvD_BwE\"> 62%<\/a> were targeted 2-4 times.<\/p>\n\n\n\n<p>63. Elder Millennials and younger Gen Xers are the most vulnerable to online payment scams, with<a href=\"https:\/\/bbbfoundation.images.worldnow.com\/library\/d2727fa5-c843-48f2-95aa-5e018bd7b39c.pdf\"> 77.3%<\/a> at risk and 22.3% exposed to fraud. However, Gen Z (ages 18-24) reported the highest median loss, at $156.<\/p>\n\n\n\n<figure data-wp-context=\"{ &quot;core&quot;:\n\t\t\t\t{ &quot;image&quot;:\n\t\t\t\t\t{   &quot;imageLoaded&quot;: false,\n\t\t\t\t\t\t&quot;initialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxEnabled&quot;: false,\n\t\t\t\t\t\t&quot;hideAnimationEnabled&quot;: false,\n\t\t\t\t\t\t&quot;preloadInitialized&quot;: false,\n\t\t\t\t\t\t&quot;lightboxAnimation&quot;: &quot;zoom&quot;,\n\t\t\t\t\t\t&quot;imageUploadedSrc&quot;: &quot;https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Younger-generations-see-the-biggest-rise-in-online-fraud.png&quot;,\n\t\t\t\t\t\t&quot;imageCurrentSrc&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;targetWidth&quot;: &quot;994&quot;,\n\t\t\t\t\t\t&quot;targetHeight&quot;: &quot;618&quot;,\n\t\t\t\t\t\t&quot;scaleAttr&quot;: &quot;&quot;,\n\t\t\t\t\t\t&quot;dialogLabel&quot;: &quot;Enlarged image&quot;\n\t\t\t\t\t}\n\t\t\t\t}\n\t\t\t}\" data-wp-interactive class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"994\" height=\"618\" data-wp-effect--setStylesOnResize=\"effects.core.image.setStylesOnResize\" data-wp-effect=\"effects.core.image.setButtonStyles\" data-wp-init=\"effects.core.image.initOriginImage\" data-wp-on--click=\"actions.core.image.showLightbox\" data-wp-on--load=\"actions.core.image.handleLoad\" src=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Younger-generations-see-the-biggest-rise-in-online-fraud.png\" alt=\"Younger generations see the biggest rise in online fraud\" class=\"wp-image-2326\" srcset=\"https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Younger-generations-see-the-biggest-rise-in-online-fraud.png 994w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Younger-generations-see-the-biggest-rise-in-online-fraud-300x187.png 300w, https:\/\/keywordseverywhere.com\/blog\/wp-content\/uploads\/2024\/12\/Younger-generations-see-the-biggest-rise-in-online-fraud-768x477.png 768w\" sizes=\"(max-width: 994px) 100vw, 994px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge image: Younger generations see the biggest rise in online fraud\"\n\t\t\tdata-wp-on--click=\"actions.core.image.showLightbox\"\n\t\t\tdata-wp-style--right=\"context.core.image.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"context.core.image.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/seon.io\/resources\/gen-z-report-online-fraud\/\">Source<\/a><br>Younger generations see the biggest rise in online fraud<\/figcaption>        <div data-wp-body=\"\" class=\"wp-lightbox-overlay zoom\"\n            data-wp-bind--role=\"selectors.core.image.roleAttribute\"\n            data-wp-bind--aria-label=\"selectors.core.image.dialogLabel\"\n            data-wp-class--initialized=\"context.core.image.initialized\"\n            data-wp-class--active=\"context.core.image.lightboxEnabled\"\n            data-wp-class--hideAnimationEnabled=\"context.core.image.hideAnimationEnabled\"\n            data-wp-bind--aria-modal=\"selectors.core.image.ariaModal\"\n            data-wp-effect=\"effects.core.image.initLightbox\"\n            data-wp-on--keydown=\"actions.core.image.handleKeydown\"\n            data-wp-on--touchstart=\"actions.core.image.handleTouchStart\"\n            data-wp-on--touchmove=\"actions.core.image.handleTouchMove\"\n            data-wp-on--touchend=\"actions.core.image.handleTouchEnd\"\n            data-wp-on--click=\"actions.core.image.hideLightbox\"\n            tabindex=\"-1\"\n            >\n                <button type=\"button\" aria-label=\"Close\" style=\"fill: var(--wp--preset--color--contrast)\" class=\"close-button\" data-wp-on--click=\"actions.core.image.hideLightbox\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 24 24\" width=\"20\" height=\"20\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M13 11.8l6.1-6.3-1-1-6.1 6.2-6.1-6.2-1 1 6.1 6.3-6.5 6.7 1 1 6.5-6.6 6.5 6.6 1-1z\"><\/path><\/svg>\n                <\/button>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full responsive-image\"><img decoding=\"async\" data-wp-bind--src=\"context.core.image.imageCurrentSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Younger generations see the biggest rise in online fraud\" class=\"wp-image-2326\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/seon.io\/resources\/gen-z-report-online-fraud\/\">Source<\/a><br>Younger generations see the biggest rise in online fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"lightbox-image-container\">\n<figure class=\"wp-block-image size-full enlarged-image\"><img decoding=\"async\" data-wp-bind--src=\"selectors.core.image.enlargedImgSrc\" data-wp-style--object-fit=\"selectors.core.image.lightboxObjectFit\" src=\"\" alt=\"Younger generations see the biggest rise in online fraud\" class=\"wp-image-2326\" \/><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/seon.io\/resources\/gen-z-report-online-fraud\/\">Source<\/a><br>Younger generations see the biggest rise in online fraud<\/figcaption><\/figure>\n<\/div>\n                <div class=\"scrim\" style=\"background-color: var(--wp--preset--color--base)\" aria-hidden=\"true\"><\/div>\n        <\/div><\/figure>\n\n\n\n<p>64. Women reported<a href=\"https:\/\/bbbfoundation.images.worldnow.com\/library\/d2727fa5-c843-48f2-95aa-5e018bd7b39c.pdf\"> 68.4%<\/a> of online purchase scams in 2022, compared to 31.6% by men. Despite facing more scams, women lost less money, with a median loss of $100, while men lost $168.<\/p>\n\n\n\n<p>65. <a href=\"https:\/\/resources.sift.com\/ebook\/q1-2023-digital-trust-safety-index-payment-fraud\/\">43%<\/a> of eCommerce shoppers have fallen victim to payment fraud, and over half have experienced it more than once.<\/p>\n\n\n\n<p>66. In a survey of U.S. and UK consumers,<a href=\"https:\/\/pages.marqeta.com\/hubfs\/pdfs\/Marqeta_2020_Fraud_Report_2020.pdf\"> 80%<\/a> said they\u2019d made an online purchase in the past three months. However, 21% worry about entering their card details every time, and 31% express concern every time they shop online.<\/p>\n\n\n\n<p>67. Consumers are split on who\u2019s responsible for protecting against fraud:<a href=\"https:\/\/pages.marqeta.com\/hubfs\/pdfs\/Marqeta_2020_Fraud_Report_2020.pdf\"> 57%<\/a> of UK respondents said it\u2019s their responsibility, not the bank&#8217;s, and 51% of U.S. consumers agreed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>As more people shop online each year, the risk of eCommerce fraud rises. With the growth of the <a href=\"https:\/\/keywordseverywhere.com\/blog\/ecommerce-stats\/\">eCommerce market,<\/a> fraudsters are becoming more active than before.\u00a0<\/p>\n\n\n\n<p>For online businesses, understanding the risks and investing in the best fraud prevention tools can help protect profits and improve revenue.<\/p>\n\n\n\n<p>Can eCommerce companies completely eliminate fraud? Likely not.&nbsp;<\/p>\n\n\n\n<p>But by using technology to confirm customer identities and taking steps to prevent fraudulent returns and refunds, merchants can reduce the amount of revenue lost to these scams.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Protect your business from fraud. Explore alarming ecommerce fraud stats and learn about projected losses and key trends to keep your business safe.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/posts\/2295"}],"collection":[{"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/comments?post=2295"}],"version-history":[{"count":5,"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/posts\/2295\/revisions"}],"predecessor-version":[{"id":4118,"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/posts\/2295\/revisions\/4118"}],"wp:attachment":[{"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/media?parent=2295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/categories?post=2295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/keywordseverywhere.com\/blog\/wp-json\/wp\/v2\/tags?post=2295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}