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March 28, 2024
On the web
For the First Time in 25 Years Merchants Have Identified Refund/Policy Abuse and First-Party Misuse as the Leading Threats, Surpassing Phishing in North America and Europe
Merchant Risk Council
December 15, 2022
On the web
North American Businesses Double Spending on Payment Fraud Prevention
IT-Online
“For the second year in a row, merchants have reported rises across the board in numerous key measures that assess the extent to which fraud affects eCommerce. From higher income lost to fraud, to more eCommerce orders being rejected as fraudulent, to increased chargebacks and disputes, the average statistics retailers reported rose internationally over the last year. The most significant shift in fraud payment prevention spending was recorded in North America, where businesses upscaled their spending two times, from 5% of their annual revenue in 2021 to 10% in 2022, according to data from Atlas VPN. The figures mentioned were extracted from the Global Fraud and Payments Report 2022, in-depth research conducted by the collaborative efforts of Cybersource, the Merchant Risk Council (MRC), and Verifi.”
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