Global State of Ecommerce Fraud in Q1 2017
Ecommerce fraud losses have fallen 34.7% since Q1 2016, helped by machine learning and new services like Guaranteed Fraud Protection. However, merchants across eight major industry segments are still expected to lose $48.2 billion this year. And not all industries have improved. For example, online Department Stores saw fraud losses rise by 146.5% between Q1 2016 and Q1 2017. What’s changing, and what’s next? Hear directly from experts responsible for protecting over 5,000 e-commerce merchants globally.
Join PYMNTS CEO Karen Webster and Signifyd’s Vice President of Partnerships, Skye Spear, as they discuss the first installment of the Global Fraud Index, covering 5 quarters from Q1 2016 through Q1 2017. The Index provides the most extensive data and reporting to date on ecommerce fraud across 8 major verticals. Specific types of fraud and key trends are examined for each major vertical, including apparel; department stores; consumer electronics; cosmetics and perfumes; furniture, appliances and home improvement; health, leisure and hobbies; jewelry and precious metals; and alcohol, tobacco and cannabis.
Watch the discussion below: