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February 24th, 2008

1.4% of online revenues lost to fraud in 2007

Posted by AM @ 7:07 pm

Categories: E-commerce, Fraud

Tags: Revenue, Fraud, Online Payment, Litigation, E-business/E-Commerce, Financial Services, Business Operations, Internet, AM

The share of online revenue lost to fraud in 2007 held steady with 2006 at 1.4%, but as e-commerce grows, the total dollar loss from online payment fraud is growing at the rate of about 20% a year and is estimated at $3.6 bln in 2007, up from $3.1 bln in 2006, according to CyberSource.

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