Ecommerce Fraud Losses Expected to Grow 18% to $3.6 Billion
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11-14-2007, 11:01 AM,
Post: #1
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Ecommerce Fraud Losses Expected to Grow 18% to $3.6 Billion
Quote: Dollar losses from e-commerce fraud will grow 18% this year over last to $3.6 billion, reports the ninth annual merchant fraud survey from payment processor and risk management company CyberSource Corp. The percent of sales that merchants expect to lose to fraud remained stable over 2006 and 2007 at 1.4% both years. The higher dollar losses are the result of growth in online retail sales. full article: http://www.internetretailer.com/dailyNews.asp?id=24396 |
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11-14-2007, 05:16 PM,
Post: #2
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Re: Ecommerce Fraud Losses Expected to Grow 18% to $3.6 Billion
Sigh.
OAI Moron Hall of Fame
<i>sell-thru is an irrelevant and illogical consideration.</i> -KaRay, owner of WP giving selling advice, 2006 <i>the site was 'NOT' hacked but the little script that had recipes on had the link altered</i> -Plunderhere Owner Mark Taylor after his site was hacked by a Chinese hacker gang, 2008 Some people have it like that, others dont. I do. -Probidscripts owner Spencer Osama Binweb Laden Ray bragging about his ability to scam the OAI without feeling any guilt, 2008. How does an auction site get buyers? -question asked at PSU by owner of auction site BidBeaver.ca, 2008 How do I get sales? -question asked at PSU by online store owner, 2009. I was told by my Tech. Support that my site dont really need SSL.. his servers are well protected and that info your providing to join aint really top secret information -owner of auction site TheTraderOutlet.com discussig his site's lack of basic security, 2009 |
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11-14-2007, 07:15 PM,
Post: #3
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Re: Ecommerce Fraud Losses Expected to Grow 18% to $3.6 Billion
Quote:And they report they are reviewing 27% of orders, up from 23% in 2006. Of the orders merchants review, 75% are accepted as legitimate. Our review and rejection rates are much higher because our largest store is in a high risk category. A great deal of my time every day is spent reviewing orders. Fraud is definitely my largest concern. |
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11-15-2007, 03:30 AM,
Post: #4
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Re: Ecommerce Fraud Losses Expected to Grow 18% to $3.6 Billion
Sigh (again).
OAI Moron Hall of Fame
<i>sell-thru is an irrelevant and illogical consideration.</i> -KaRay, owner of WP giving selling advice, 2006 <i>the site was 'NOT' hacked but the little script that had recipes on had the link altered</i> -Plunderhere Owner Mark Taylor after his site was hacked by a Chinese hacker gang, 2008 Some people have it like that, others dont. I do. -Probidscripts owner Spencer Osama Binweb Laden Ray bragging about his ability to scam the OAI without feeling any guilt, 2008. How does an auction site get buyers? -question asked at PSU by owner of auction site BidBeaver.ca, 2008 How do I get sales? -question asked at PSU by online store owner, 2009. I was told by my Tech. Support that my site dont really need SSL.. his servers are well protected and that info your providing to join aint really top secret information -owner of auction site TheTraderOutlet.com discussig his site's lack of basic security, 2009 |
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