Gartner on online fraud statistics

During the 2002 holiday-shopping season, Internet merchants lost nearly $500 mil due to fraudulent orders. Compared with their brick-and-mortar counterparts, online merchants are facing a risk of fraud that is 19 times higher, according to Gartner.

During the 2002 holiday-shopping season, Internet merchants lost nearly $500 mil due to fraudulent orders. Compared with their brick-and-mortar counterparts, online merchants are facing a risk of fraud that is 19 times higher, according to Gartner.