Fraud Costs Surge as North America's Ecommerce and Retail Businesses Face Mounting Financial and Operational Challenges [Yahoo! Finance]
RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
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Source: Yahoo! Finance
ATLANTA April 2, 2025 /PRNewswire/ -- LexisNexis® Risk Solutions has released the fifteenth edition of its annual LexisNexis® True Cost of Fraud ™ Study: Ecommerce and Retail Report – US and Canada Edition . The report, based on a survey of 569 fraud and risk executives, reveals that fraud costs remain a growing challenge, with US merchants incurring an average cost of for every of fraud , compared to in Canada Mobile transactions such as digital wallets, peer-to-peer payments and QR codes drive significant ecommerce fraud costs, accounting for 33% of expenses in the US and 41% in Canada . The US ecommerce segment reports the highest fraud costs from digital transactions, with 53% tied to online purchases and 30% to mobile channels. Canadian ecommerce faces similar challenges, with 37% of costs linked to mobile transactions, highlighting the need for merchants to protect increasingly digital payment methods. Fraud increases customer churn for 63% of respondents and forces busines
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