E-commerce payment fraud to exceed $25 billion annually

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A new study has found that merchant losses to e-commerce payment fraud will exceed $25 billion in 2024, from just of $17 billion in 2020, despite the ongoing implementation of SCA (Secure Customer Authentication) in Europe.

E-commerce payment fraud to exceed $25 billion annually

The research found that the popularity of e-commerce and increased card-present security with the introduction of EMV, have made e-commerce payments a compelling target for fraudsters. The research highlighted that e-commerce merchants outside Europe must adopt similar measures to SCA, including two-factor authentication, or they will suffer from increasing levels of sophisticated fraud. Payment gateways will

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