Business
1.4% of online revenues lost to fraud in 2007
The share of online revenue lost to fraud in 2007 held steady with 2006 at 1.4%, but as e-commerce grows, the total dollar loss from online payment fraud is growing at the rate of about 20% a year and is estimated at $3.6 bln in 2007, up from $3.1 bln in 2006, according to CyberSource.
The share of online revenue lost to fraud in 2007 held steady with 2006 at 1.4%, but as e-commerce grows, the total dollar loss from online payment fraud is growing at the rate of about 20% a year and is estimated at $3.6 bln in 2007, up from $3.1 bln in 2006, according to CyberSource.