The Paypers Fraud Prevention in Ecommerce Report 2023-2024
The Paypers 2023-2024 Fraud Prevention in Ecommerce Report explores the escalating global ecommerce market post-pandemic, emphasizing the rising threat of online fraud. Projected merchant losses of $91 billion by 2028 are highlighted, along with evolving scam tactics. Key 2024 trends include challenges posed by chargeback and friendly fraud, urging the adoption of sophisticated fraud prevention strategies.
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This latest super scam puts a modern twist on romance fraud, wherein criminals extort money from unsuspecting
targets. Scammers groom their targets to invest in cryptocurrencies or online gaming through sham websites, then disappear with the money.