LexisNexis Risk Solutions 2020 True Cost of Fraud

LexisNexis Risk Solutions 2020 True Cost of Fraud -TechProspect

The cost of fraud has risen 7.3% across US retailers and e-commerce merchants. Every $1 of fraud now costs them $3.36 compared to $3.13 in 2019. This is significantly higher compared to $2.87 (USD) for Canadian retailers overall.

While rising for Small businesses, the increased average fraud attack volume and cost is being driven by Mid / Large organizations.

 

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