Sift Unveils Critical New Metrics in Fraud Industry Benchmarking Resource (FIBR) [Yahoo! Finance]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
SAN FRANCISCO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Sift , the AI-powered fraud platform securing digital trust for leading global businesses, today announced the release of new insights to the Fraud Industry Benchmarking Resource (FIBR) a free online tool powered by Sift that allows anyone to access key fraud metrics across industries, geographies, and time. The new metrics reveal the frequency of fraudulent payment methods used across industries, as well as the fraud rates (transactions blocked by Sift due to fraud) for common payment methods within the Sift Global Data Network. These insights can prove crucial for companies when benchmarking performance against industry peers, setting order acceptance thresholds, and informing how risk teams handle manual review. Across the Sift Global Data Network, credit and debit cards account for 85% of fraudulent transactions. But the data paints a different picture for fraudulent payment methods in certain industries—especially those with hig
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