E-Commerce Fraud is Up 30%

In The Daily Scoop by Lauren Parker, Accessories Magazine

Online shopping fraud increased 30% in 2017, according to a new Experian report, “The State of Online Shopping Fraud 2017.” The majority of the fraudulent transactions took place through an internet browser, 53%, while another 29% happened on a mobile device.  The most common form of identity theft in 2017 was credit card fraud, accounting for 92% of all fraud, according to the FTC. A much smaller percentage, 7%, happened through direct billing, third-party transfers or prepaid gift cards. Read more at Fierce Retail

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