Blog / Fraud analytics, Fraud trends
Online marketplaces and fraud: Trends, predictions and analysis
Expected to reach $3.5 trillion in sales in 2024 alone, online marketplaces are booming. And so is online marketplace fraud.
02 December 2024
We've taken a deep dive into Ravelin's comprehensive Fraud & Payments Survey 2024 to give you a comprehensive look at fraud at online marketplaces. How does it manifest? What are its consequences? What do marketplaces professionals expect in the future?
Scroll down to read the infographic presenting our previously-unreleased findings .
Key takeaways:
- For the majority of marketplace platforms, fraud costs upwards of $10 million a year
- Fraud primarily affects online marketplaces' costs and revenue – compliance is also a concern
- 71% expect the cost of fraud to increase further in the next year
For more information, including our methodology and additional data, please download our full 2024 survey here or get in touch with the team.
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Author
Nikoleta Dimitriou Senior Content Manager
With a marketing career focused on technology, Nikoleta has worked for the data science, e-learning, and fraud industries, among others. Since 2023…
