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How Much Merchants are Losing to Ecommerce Fraud [Free Report] -
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Research Results: Exploring the Financial Impact of Fraud in a Digital World Evaluating all the financial impacts of fraud can be complex, but one overall trend emerges: fraud threats are on the rise despite increased spending by merchants. "Exploring the Financial Impact of Fraud in a Digital World," an annual survey from Javelin, commissioned by Vesta, breaks down many measures of how fraud affects merchants—particularly when card-not-present and digital goods transactions are involved. A few key findings from the 2017 report paint a quick picture of the challenges merchants face in mitigating fraud risks: Merchants are losing, on average, 8% of their annual revenue to fraud. Unauthorized transactions are up 33%—representing nearly half of merchants' average fraud losses. Merchants are spending over 20% of their operating budgets on fighting fraud. Download the full report and use Javelin's data and insights to prioritize and plan a better fraud management strategy. By sharing this report with the e-commerce community, Vesta hopes to promote a safer and more vibrant digital retail marketplace. |
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