GITNUX MARKETDATA REPORT 2024

Must-Know Ecommerce Fraud Statistics [Latest Report]

Statistic 1

"A survey found that 57% of businesses had experienced an increase in attempted fraud since the COVID-19 pandemic began."

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Statistic 2

"Online shopping fraud represented 46% of all reported fraud in 2020."

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Statistic 3

"Theft of personal data is involved in 61% of all eCommerce-related crime."

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Statistic 4

"67% of eCommerce merchants cite that they have already experienced bots used to perpetrate eCommerce fraud."

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Statistic 5

"72% of merchants globally rank preventing fraud and chargebacks as a top priority."

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Statistic 6

"Ecommerce fraud saw a 30% increase between 2017 and 2018."

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Statistic 7

"eCommerce fraud targeting mobile transactions saw a 68% year-over-year increase in 2019."

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Statistic 8

"The average cost per fraudulent transaction is estimated at $3.36."

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Statistic 9

"Synthetic identity fraud losses in eCommerce amounted to $10 billion in 2020."

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Statistic 10

"Telecommunication eCommerce and online gaming sectors are currently the most affected by fraud attacks."

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Statistic 11

"EMV chip card implementation reduced card-present fraud by 80%, pushing more fraud online."

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Statistic 12

"Chargeback fraud costs merchants more than $25 billion a year."

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Statistic 13

"Retail spending lost to online fraud is estimated to be $130 billion over five years from 2018 to 2023."

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Statistic 14

"Fraud attempts increased by 47% during the 2020 holiday season compared to the 2019 holiday season."

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Statistic 15

"40% of eCommerce merchants expect fraud to increase in the future."

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Statistic 16

"Around 83% of them have fallen prey to fraud using synthetic identities."

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Statistic 17

"In the US alone, manual review of fraud transactions increases operational costs to retailers, consuming 25% of their fraud management budgets."

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Statistic 18

"In 2020, global eCommerce fraud losses amounted to $17.5 billion."

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Statistic 19

"Account takeover fraud impacted nearly 34% of online businesses in 2019."

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Statistic 20

"Friendly fraud accounts for around 28% of all fraud losses for eCommerce."

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