Forter/MRC Fraud Attack Index Q1-Q3 2017
Forter’s Q1-Q3 2017 Fraud Attack Index, conducted in collaboration with the Merchant Risk Council, reveals an alarming new normal for e-commerce fraud in the midst of the 2017 holiday season. The Index found that average domestic U.S. attack rates remain 2.5 times higher than in H1 2015 – despite an overall decline in 2017 compared to 2016 – and that amateur fraudsters are becoming increasingly savvy.
Forter, the leading e-commerce fraud prevention company that immediately approves or declines all online transactions while providing full chargeback coverage, compiled the Index by analyzing millions of successful and unsuccessful e-commerce transaction fraud attacks across a variety of industries, including electronics, apparel, luxury, food/beverages, travel and digital goods. Online fraud attacks across certain sectors like electronics saw a significant spike, while other industries like luxury and apparel saw fraud rates decrease following the implementation of stalwart defenses following periods of vulnerability.
Download the full Index to learn more.