11-10-2005, 10:54 AM
Quote:Losses from online fraud has increased this year among large and midsize retailers, a result of many companies failing to increase order-checking staff as the amount of products sold online increases, a security firm said Wednesday.
Overall, fraudsters are expected to take $2.8 billion from online retailers this year, an increase of 8 percent over 2004
Other findings included a high percentage of international orders that are accepted and later found to be fraudulent. That number was 2.4 percent versus 1 percent of all orders. In addition, 12.4 percent of orders outside the United States and Canada are rejected on suspicion of fraud versus the overall rejection rate of 3.9 percent.
full article: http://www.techweb.com/wire/ebiz/173601257