Ecommerce and retail merchants report significant growth in fraud costs
Fraud costs rose 15% since pre-covid period
The results of this year’s True Cost of FraudTM Study for Ecommerce and Retail are available. The 2021 findings show a substantial increase both in cost and volume of fraud. Every $1 of fraud now costs U.S. retail and ecommerce merchants $3.60. This is 15% higher than the pre-Covid study in 2019 which was at $3.13.
Fortify your fraud strategy
As a LexisNexis® Risk Solutions customer you are already building a strong fraud strategy. Download the latest True Cost of Fraud Study to learn what other organizations are reporting and insights on recommendations to further fortify your strategy.
About the study
The True Cost of Fraud Study offers an accurate picture of current fraud trends in the U.S. and Canadian ecommerce and retail merchants by analyzing in-depth surveys from over a thousand fraud executives every year.
Building on 12 consecutive years of research, the study explores the evolution and expansion of fraud and shares insights and recommendations on how to better protect your business, successfully manage fraud risks and strengthen customer trust and loyalty.
