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From supply chain challenges to changing consumer behavior, we delve into the biggest trends impacting the electronics industry. How is your business adapting to these shifts?
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The online sale of consumer electronics is accelerating. Nearly half of 2020 sales happened online and the industry is projected to bring in over $79 million in ecommerce sales in 2022. This is a 7% increase from 2021.
In such an attractive market for fraudsters, what does this rapid growth mean for fraud risks? Find out what online electronics merchants had to say...
A massive 72% of electronics retailers say that account takeover is a top fraud risk. And 34% of merchants in this space have seen an increase in this type of fraud. Customers often blame the merchant for having poor security, even when it’s not their fault. Brand reputation and customer retention often take a huge hit as a result.
Around 10% of electronic products are counterfeit. In many cases, fake components find their way into the supply chain and are sold on by legitimate retailers. And online retail is making this even easier. How are you protecting both your customers and your brand?
Even huge brands like Apple and Samsung have been impacted by the supply chain issues related to the chip shortage. The chip crisis has meant that prices have shot up and will likely continue to do so. With demand outweighing supply, what does this mean for fraud in your business?
Lola Omo-Ikerodah, Content Writer
You might’ve heard about a new fraud tactic called ‘account pre-hijacking.’ But what actually is it? And how can you prevent it? Let’s break it down.
Grace Proctor, Content Writer
If you offer a subscription, recurring payments can leave you vulnerable to unique fraud risks. How should you tailor your fraud strategy?
Buy now, pay later is exploding - what risks could this bring your business? We speak with Nelda Biltauere, Fraud Researcher at Ravelin, about BNPL challenges, costs & strategy.