Signifyd has launched its AI-powered Return Abuse Prevention solution. The solution lets merchants customize their return-abuse response according to the unique needs of their businesses. It also lets merchants simulate how their return rules would work in real life before they deploy them in the real world. About 18% of online retail sales were returned in 2020 and 7.5% of those returns were fraudulent, according to NBF and Appriss Retail. That represents the loss of $11.6 billion in the cost of goods alone.
Source: https://www.helpnetsecurity.com/2021/04/26/signifyd-return-abuse-prevention/