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INDUSTRY PULSE, CHALLENGES AND FRAUD RISKS…
Online fashion merchants make and sell clothes, accessories and apparel for customers around the world.
GLOBAL APPAREL MARKET PREDICTED GROWTH:
ECOMMERCE SHARE OF ALL FASHION SALES FORECAST TO GROW:
10%
of all greenhouse gas emissions come from the fashion industry
63%
of customers consider sustainability before buying
REFUND ABUSE IS A SUSTAINABILITY DISASTER
PROMOTION ABUSE RESELLING SCHEMES
TOP PERCEIVED FASHION FRAUD RISKS
WE ASKED FASHION MERCHANTS: WHAT ARE YOUR TOP 3 FRAUD RISKS?%
HERE’S WHAT THEY SAID…
FASHION MERCHANTS SEE:
2.8
high-level attacks per month
AND
36%
do not monitor logins
Is your fraud team growing?
75%
Fashion fraud teams are growing
27%
Increasing significantly in size
Is your fraud budget increasing?
77%
Fashion merchants are increasing their fraud budget
21%
Seeing a significant increase