Blog / Strategy /

The biggest fraud risks and costs for digital business

The biggest fraud risks and costs for digital business

WORLDLINE

CORPORATE

Digital goods and services are by definition intangible—and this makes them a particularly attractive target for fraudsters. Below, we explore the most common risks for digital businesses and the heavy financial toll of fraud.

 

Data sources:

  • Clearsale - protecting your online business: chargeback fee statistics by industry
  • RFI Group: Friendly Fraud – With friends like these, who needs fraudsters?
  • Appriss Retail: The Burden of Retail and Ecommerce Return Fraud

     

Discover how you can connect to more customers >

Mobile fraud and phishing – two key threats for digital business

More and more customers are turning to their smartphones to buy digital goods & services – and fraudsters are following close behind them. In this fact card, we explore how mobile fraud and phishing are becoming a growing concern for digital businesses. 

 

Data sources:

  • Ravelin: Fraud detection for digital goods
  • LexisNexis: 2018 True Cost of FraudSM Study for the Retail Sector