The holidays are a particularly busy time for businesses and, unfortunately, fraudsters. With most consumers shopping online, business owners should be aware of the following trends:
Global e-commerce transactions will grow by 27% between October 2020 and December 2020.
15% of e-commerce transactions between Thanksgiving and Cyber Monday are potentially fraudulent,costing businesses $12 billion.
25% of e-commerce transactions on Black Friday are suspected to be fraudulent.
Online shopping fraud attempts are highest 12/24 and 12/25.
Every dollar of fraudulent transactions costs merchants $3.36.
Returns abuse costs retailers more than $17 billion every year.
Stay vigilant to mitigate risk to your business during the holidays. Read our “Keep Your Holiday Cheer: Protecting Your Business from Seasonal Fraud” white paper for more information.
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