Online payment fraud is expected to increase to more than $20 billion in 2021, according to a new report from Juniper Research. Fraud reached $17.5 billion in 2020.
The firm said e-commerce is making it easier for thieves to target consumers, especially as online sales grow at merchants that are unfamiliar, or lack the resources, to provide advanced security measures.
“From market data, it is clear that online payment is convenient and drives e-commerce. However, it has also created a playground...
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