Ecommerce sales accelerated during and in the aftermath of the COVID-19 pandemic, Signifyd’s data showed, and fraud in various forms accelerated with it. Signifyd’s State of Fraud Report 2021 found:
The report notes that successful fraud and risk teams are changing their very nature in order to keep up with the rapidly evolving fraud challenges they face. The emphasis has moved away from loss prevention to a focus on optimizing the enterprise’s business potential.
The transformation of online fraud and the strategies to combat it take on a new urgency as online sales make up a rapidly growing segment of overall retail revenue.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.