Read on! Most Common Types of Ecommerce Fraud As the world of ecommerce expands and evolves, so too do its villains. We’ll also offer actionable advice for protecting your customers, your website, and–ultimately–your bottom line. Below, we’ll unpack the state of payment security in 2022, starting with the most common types of ecommerce fraud.

Once you lose that consumer confidence, it’s extremely difficult to win back. If customers don’t feel they can pay securely through your website, they won’t trust you. After all, it’s not just a threat to your profits but your brand image. The bottom line? Ecommerce fraud is something you can’t afford to turn a blind eye to. One look at the similarly burgeoning ecommerce fraud prevention market –expected to hit a whopping $70 billion by 2025–and it’s clear this line of “work” is only rising in popularity. In just a single year (between 20), ecommerce fraud rose 18% : from $17.5 billion to $20 billion. And it wasn’t just the ecommerce industry’s businesses that were busy–but its fraudsters, too. But it wasn’t just the sales that were soaring. In one survey, 60% of respondents agreed that COVID-19 had changed their relationship with technology. The global ecommerce market jumped to $26.7 trillion. With people locked down and with little to do, buying online seemed the only escape. When the pandemic hit, ecommerce blew up.

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