5 Strategies to Help Your Business Combat Fraud
By
Joe Keenan
and All About Roi
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Retailers are absorbing the vast majority of the costs associated with fraud, the study found. Among the numerous fraud types affecting merchants, identity fraud or fraudulent transactions comprised the bulk of fraud from a cost standpoint, representing 52 percent of total fraud losses.
Certain merchant segments revealed a higher prevalence of fraudulent transactions, such as large e-commerce retailers, of which 40 percent saw upsurges. Digital goods merchants attributed 54 percent of their fraud loss to unauthorized purchases, while merchants in telecommunications, social networking industries and online gaming reported 64 percent to 67 percent of their total annual fraud loss as the result of identity fraud.
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- Companies:
- LexisNexis
- Places:
- U.S.
E
Joe Keenan
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Joe Keenan is the executive editor of Total Retail. Joe has more than 10 years experience covering the retail industry, and enjoys profiling innovative companies and people in the space.
All About Roi
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