Forter Fraud Attack Index - Fifth Edition
State of the Fraud Ecosystem Q1 2017 - Q2 2018
The fifth edition of Forter’s biannual Fraud Attack Index, conducted in collaboration with the Merchant Risk Council, revealed a number of alarming trends, including a 13% increase in fraud attack rates since the beginning of 2017, as well as a 53% spike in account takeover attempts in Q3 2017 likely resulting from the Equifax breach.
Forter compiled the Index by analyzing millions of successful and unsuccessful e-commerce transaction fraud attacks across six industries: electronics, apparel and accessories, jewelry and luxury, food and beverage, online travel and digital goods. All six of the sectors experienced an increase in online fraud attacks since early 2017, but certain verticals like digital goods saw particularly noticeable spikes. The report also found that specific attack methods like return abuse and coupon abuse are also on the rise.
Forter is the leading e-commerce fraud prevention company that uses a blend of AI and human analysis to prevent e-commerce fraud at every stage of the shopper lifestyle, including account takeover and checkout. A wide range of Fortune 500 companies and disruptive startups rely on Forter to enable business and stop fraudsters before they strike. In the past 12 months alone, Forter has doubled its customer base, processed $50 billion in transactions (more than any merchant outside of Amazon), and been recognized on the Forbes Fintech 50 list and Fast Company’s Most Innovative Companies list.
Download the full Index to learn more.