Ready to learn more?
Online Fraud Losses Will More Than Double in Five Years, Juniper Forecasts
Payments companies and retailers have a sobering forecast to ponder for online fraud. By 2023, global online fraud losses from e-commerce, airline ticketing, money transfer, and banking services will grow from $22 billion projected in 2018 to $48 billion, says Juniper Research in a new report.
Thanks to the proliferation of synthetic identities—when fragments of real identity information is used to create a new identity—and account takeovers, criminals are increasingly skirting anti-fraud measures retailers and payments companies use, Juniper says.
Originally posted on Digital Transactions by Kevin Woodward. Read the rest of the article here.
Join Our Newsletter
Subscribe to Our Newsletter for Exclusive Content
Related
See More
Don’t Let Fraud Hurt Your Valentine’s Day Sales

NoFraud Named #1 Momentum Leader for eCommerce Fraud Protection and Fraud Detection
