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Cyber Security

eCommerce fraud losses to surpass $20 billion this year

The value of losses due to eCommerce fraud will rise this year, from $17.5 billion in 2020 to over $20 billion by 2021. Fraudsters have targeted consumers as they have increased their eCommerce use. The use of AI will enable behavioural biometrics in this area, which will increase security across all potential fraud channels. China will be the single largest ecommerce fraud market in the world, accounting for over 40% of eCommerce losses globally in 2025, at over $12 billion.

Source: https://www.helpnetsecurity.com/2021/05/03/ecommerce-fraud-losses/

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