Online merchants hit by double whammy of fraud as cost of living bites
New research from Ravelin charts the rise of the ‘criminal customer’, now the ‘number one risk factor’ for one in three online businesses
The research also shows a marked growth in sophisticated & organised criminal fraud
Chief Financial Officers (CFOs) and Chief Risk Officers (CROs)now have to navigate an increasingly complex fraud landscape
New forms of payment amplify dispute resolution issues for merchants
Online businesses are being hit by a damaging double-whammy of fraud as the cost of living crisis bites.
A survey of chief financial officers (CFOs) at online merchants across 10 countries, commissioned by fraud prevention platform Ravelin has found fraud is on the increase across the board in areas including:
Online payment fraud (54%)
Account takeover (...