Reports: Fraud a concern for merchants, brands
Kristina Knight, 20 May 2021
Online payment fraud could cost online merchants as much as $20 billion in 2021. That is a key takeaway from new Juniper Research data which predicts that the influx of inexperience digital shoppers during the pandemic could cause ecommerce fraud to skyrocket from $17.5 billion 2020 to more than $20 billion this year.
That would be an increase of about 18% YoY, much brought about by fraudsters who are targeting consumers who aren’t as savvy at protecting their financial information in the digital space. To staunch the flow – and to protect their shoppers, Juniper’s experts believe digital merchants must up their fraud prevention strategies across the ecommerce space, utilizing AI to spot potential fraudsters before damage can be done. Continue reading “Article: Reports: Fraud a concern for merchants, brands”
