Since EMV’s launch in 2015, online fraud attacks have increased 30%. Retailers have been quick to acknowledge the need for a secure online fraud strategy to protect not only consumers, but also revenue and brand reputation. However, merchants are still losing $3.08 for every dollar of fraud incurred.
The eCommerce landscape has changed a lot in the last few years, so download this eBook from EKN Research to get recommendations to improve your fraud prevention strategy and technology including:
- Invest in top-of-the-range fraud detection and prevention solutions
- Implement mobile security measures
- Initiate cross-industry collaboration
Manual fraud review is now almost impossible due to the sheer volume of commerce managed by online retailers. Adopt the right technology and strategy to stop losing money on fraud and fight it profitably.