--- title: How are fraudsters exploiting your electronics business? date: 2021-12-01T10:46:00+00:00 author: Lola Omo-Ikerodah canonical_url: "https://www.ravelin.com/blog/electronics-retail-industry-pulse-challenges-fraud-risks" section: Blog --- Blog /[Payments & payment fraud](/resources?search=&category%5B0%5D=189241#resourceContainer "Go to Payments & payment fraud"), [Refund abuse](/resources?search=&category%5B0%5D=204631#resourceContainer "Go to Refund abuse"), [Promo abuse](/resources?search=&category%5B0%5D=244453#resourceContainer "Go to Promo abuse") # How are fraudsters exploiting your electronics business? 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? 01 December 2021 ![How are fraudsters exploiting your electronics business?](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_blogSmall/130110/Electronic-feature-image.webp) The online sale of consumer electronics is accelerating. [Nearly half](https://www.roirevolution.com/blog/2021/11/coronavirus-and-ecommerce/) 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... ## Account takeover is the biggest fraud risk A massive[ 72% of electronics retailers](https://pages.ravelin.com/retail-fraud-payments-report) say that account takeover is a top fraud risk. And [34% of merchants in this space](https://pages.ravelin.com/retail-fraud-payments-report) 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. ## Market flooded with fakes [Around 10% of electronic products are counterfeit](https://www.cscglobal.com/cscglobal/pdfs/The-Cost-of%20Online-Counterfeiting-Consumer-Electronics-EN.pdf). 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? ## Global Chip Shortage Even huge brands like [Apple and Samsung](https://www.techradar.com/uk/news/the-chip-shortage-runs-deeper-than-you-think-heres-everything-you-need-to-know) have been impacted by the supply chain issues related to the chip shortage. The chip crisis has meant that [prices have shot up](https://www.wired.com/story/chip-shortage-electronics-prices-tvs-displays/) and will likely continue to do so. With demand outweighing supply, what does this mean for fraud in your business? ![](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/081-Infographics-ELECTRONICS.png) ![Ravelin Logo](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/ravelin-symbol-logo-transparent.webp) ## The intel you need to outsmart fraudsters Get Ravelin's latest reports, analysis and advice on fraud, payments and secure growth in your inbox. Subscribe here ## Author ![Lola Omo-Ikerodah](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_avatarSmall/101467/lola.webp) Lola Omo-IkerodahContent Writer (Ravelin alumna) Lola has previously served as Content Writer at Ravelin. [More from this author](https://www.ravelin.com/author/lola-omo-ikerodah) ## Related content [Blog / Fraud trends ### Online Retail Fraud Trends 2026: New global report Refund abuse just outranked traditional forms of first-party abuse in terms of its negative impact on retailers – while 78% say fraud has stifled their growth to some extent. ![1669287463716 2023 12 07 164059 ybjd](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/196785/1669287463716_2023-12-07-164059_ybjd.webp)Nikoleta Dimitriou,Senior Content Manager](https://www.ravelin.com/blog/online-retail-fraud-trends-2026) [Blog / 3DS & SCA ### What's the difference between 3D Secure 1, 2 and 2.3? Strong Customer Authentication is required in more and more countries around the world. Here’s a quick explanation of the key differences between the 3D Secure versions. ![Catherine Jones](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/76597/kit-photo.webp)Catherine Jones,Product Director ![James hogan](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/274718/james-hogan.webp)James Hogan,Senior Product Manager – Payments Engineering](https://www.ravelin.com/blog/whats-the-difference-between-3d-secure-1-and-2) [Blog / Fraud analytics ### Burner account detection requires continuous behavioral monitoring and network analysis Today we explore ecommerce burner accounts and why it's important for merchants to home in on and ban them before they do harm. ![Unnamed 3](https://storage.googleapis.com/ravelin-website-assets-production/assets/images/_33x33_crop_center-center_none_ns/265422/unnamed-3.webp)Nelda Biltauere,Senior Fraud and Payments Researcher](https://www.ravelin.com/blog/ecommerce-burner-account-fraud)