Online payment fraud losses to exceed $206 billion over the next five years; driven by identity fraud
Retail Technology Review
JULY 7, 6200
Surveillance and Security Internet Retailing Critical IssuesA new study from Juniper Research has found that merchant losses to online payment fraud will exceed $206 billion cumulatively for the period between 2021 and 2025. This figure, equivalent to almost 10 times Amazon’s net income in the 2020 financial year, demonstrates why merchants must make combatting fraud, through the use of machine learning-based fraud prevention platforms, an immediate priority.