Retailers’ biggest worry is increasing e-commerce fraud — including data breaches, targeted attacks and card-not-present fraud — according to a report from the Federal Reserve Bank of Minneapolis. Online fraud is one of the biggest challenges facing retailers, with CNP fraud being one of their top worries. CNP fraud will hit $71 billion over the next five years, Juniper Research has forecast, as it is an easy way for cybercriminals to access money, products and services.
Source: https://www.ecommercetimes.com/perl/syndication/rssfull.pl
More from my site
Using the Contact Center to Help Build Brand Loyalty
E-Commerce Startup Bolt Snags $68M to Grow Checkout Biz
How Vulnerable Is Your E-Business to Employee-Assisted Fraud?
How to Compete With Big Retail by Optimizing Your Product Page
Putting CX at the Center of Testing Strategies
Companies Team to Give Hard-Pressed Sales Reps a Boost
