Online Payment Fraud in 2028: What Verticals Are Fraudsters Targeting?

Wednesday, 2 August 2023
IoT & Emerging Technology
Cara Malone
Senior Research Analyst

Our latest online payment fraud research forecasts that merchant losses from online payment fraud will exceed $362 billion globally between 2023 to 2028, with losses of $91 billion alone in 2028.

This growth is being driven by by a concurrent rise in eCommerce transactions in emerging markets, where merchants are facing new, more sophisticated threats; including the increased use of AI to more efficiently facilitate 'traditional' fraud strategies, such as phishing, business email compromise or account takeover.

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