E-commerce fraud to cost $48 billion globally this year as attacks skyrocket, report says | Vent…>
– Louis Columbus
Telesign’s latest Trust Index shows why CIOs, CISOs, and their teams must first see e-commerce fraud prevention as a core business challenge and consider how AI-based techniques can help.Sift’s Q3 2023 Digital Trust & Safety Index amplifies Telesign’s Trust Index findings, identifying a 36% increase in online payment fraud in early 2023 driven partly by an epidemic of Account Takeover (ATO) attacks.Source: Telesign.com How AI can help grow customer trust Online fraud attacks take many forms, from promotion abuse and fake accounts to account takeovers (ATO).
Link: https://venturebeat.com/security/e-commerce-fraud-to-cost-48-billion-globally-this-year-as-attacks-skyrocket-report-says/