North American Ecommerce and Retail Companies Face a $3.00 Total Cost for Each Dollar Lost to Fraud, According to True Cost of Fraud Study from LexisNexis® Risk Solutions [Yahoo! Finance]
RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
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Source: Yahoo! Finance
Digital channels contribute to over half of fraud losses for ecommerce and retail businesses. One in five transactions utilize digital payment methods such as digital wallets, BNPL and cryptocurrency ATLANTA March 27 /PRNewswire/ -- LexisNexis® Risk Solutions has revealed the findings of the fourteenth edition of its annual LexisNexis® True Cost of Fraud ™ Study: Ecommerce and Retail Report – U.S. and Canada Edition . The report, based on a commissioned survey conducted by Forrester Consulting, shows that merchants in the U.S. and Canada incur an average cost of for every of fraud As digital services become more prevalent in North America and daily life becomes increasingly digitized, cybercriminals find more opportunities to exploit both consumers and businesses. More than half of surveyed respondents across North America reported a fraud increase of 6% or more in 12 months prior to the study, with digital channels responsible for 53% of overall fraud losses. Ecommerce organ
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