According to the TransUnion’s 2022 Global Digital Fraud Trends report, shipping fraud is the fastest growing type of digital fraud, up by 800% in the last year. By comparing it to a two-year timeframe, from 2019 to 2021, this type of fraud was up by around 1,500%, given the increase in global ecommerce sales as a response to the COVID-19 pandemic restrictions.
Shipping fraud is defined as the type of fraud committed by a seller that receives payment for a good or service without shipping said good or service to the buyer or when a buyer deliberately gives a wrong shipping address to the merchant.
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