Global & Industry Challenges
Online Payment Fraud
Online payment fraud, or card-not-present fraud, is a type of fraud in which a fraudster steals payment information to make unauthorized transactions.
HOW MUCH IS IT COSTING YOU?
Online fraud
trends & challenges
FRAUDSTERS FENCING CARDS
There are over 24 billion stolen credentials floating around on the dark web. In October 2022, a dark web marketplace released over a million stolen credit cards, allowing anyone to download them for free.
IT’S A BALANCING ACT
Finding the sweet spot between stopping fraud and delivering a seamless customer experience is no small feat! Almost 90% of UK customers abandon purchases when faced with friction.
CHARGEBACK WOES
Chargeback fees as a result of fraudulent transactions are a huge pain. They cost between $20 - $100, and companies stand to lose more than double the transaction amount.
IS ONLINE PAYMENT FRAUD THE TOP FRAUD RISK TO YOUR BUSINESS?
HOW HAVE ONLINE PAYMENT FRAUD LEVELS CHANGED IN THE LAST 12 MONTHS?
ACROSS COUNTRIES
Equip your team with the tools they need to tackle fraud in 2023
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