Ecommerce fraud costs projected to reach USD 20 bln in 2021, Juniper Research reports

Monday 3 May 2021 11:11 CET | News

The cost of ecommerce fraud is projected to reach USD 20 billion in 2021, an 18% increase from USD 17.5 billion in 2020, a new report from Juniper Research finds.

According to the company, behavioural biometrics can help address this problem across all channels. The report also takes into consideration the growth of synthetic identities and open APIs, instant payments, and fraud prevention market leaders. Fraud is considered in air travel, digital banking, digital money transfers, purchases of digital goods, and purchases of physical goods.

The report informs that China will be the largest market for ecommerce fraud by region, with losses to of over USD 12 billion by 2025.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Juniper Research, behavioural biometrics, online fraud
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

Industry Events