Online fraud should increase 12% at the end of the year

With the arrival of the season for year-end shopping, the occurrence of fraud in e-commerce. Retailers around the world estimate an increase of 12%, compared to the same period last year. The data is from ACI Worldwide, electronic payment systems and banking, and were the result of retail market transactions all over the world.
According to the ACI, the survey offers insights into how markets can protect themselves against these illegal activities in the festive season. The main findings include:
• Transactions without the presence of card, such as online shopping, have expectations of growth of 12% over the same period to 2015 – with a similar increase in sales expected in 13% this year. This shows that the increase of fraud come hand in hand with the growth of new businesses in the world
• In addition, in the US alone, this type of fraud should rise 43%. With the increasing adoption of chip cards, online fraud have been frequently asked
• The trend of attempted fraud in lower-priced products, drawn in 2015, 2016, due to online shopping
• In the United States, the average ticket fraud attempts should fall to US $239 to $ free in sales with credit card, i.e. a fall of 8%
• The fraudsters must focus on cosmetics, wireless headphones, sneakers and other items of low price that can be easily resold on the black market or online auctions
• It is expected that the Christmas Eve is the day with more attempts at fraud, with about of 2.5% of fraudulent activities, due to the popularity of gift cards and the last minute online shopping with in-store pickup
• Another critical day is Black Friday
To Mike Barnes, Director of ACI, marketers need to realize the days of peak sales and prioritize the arrest of fraud in real time without compromising consumer experience.