The analysis found 17.46% of all global ecommerce transactions between 25 November and Cyber Monday were potentially fraudulent. In Hong Kong, 20.47% were suspected fraudulent during that same period and including Double Eleven Shopping Festival on 11 November.
The global percentage of suspected fraudulent ecommerce transactions is 3.74% higher than the same five-day period leading up to Cyber Monday last year.
The analysis also observed the top two reasons globally for potentially fraudulent ecommerce transactions in the five days leading up to Cyber Monday. The top reason was the number of accounts per device, which triggers when a device has accessed the minimum number of accounts during the set time period. The second was evidence exists, which occurs when an account or device has previously had a fraudulent transaction.
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