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News
US retailers turn to new tools as fraud becomes more complex
1+ mon, 4+ week ago (489+ words) US retailers are adopting a new fraud framework as criminals use increasingly complex methods across stores and digital channels. US retailers are adopting a new industry framework to better understand and respond to changing fraud risks as criminals use more…...
Retail and E-Commerce Firms Face Rising Fraud Costs Exceeding $5 for Every $1 Lost, Study Finds
2+ mon, 2+ week ago (448+ words) Retail and e-commerce companies are facing escalating fraud-related costs amid growing pressure to maintain seamless customer experiences. The “LexisNexis True Cost of Fraud Study 2025 North America” highlights the increasing financial burden of fraud and the challenge of balancing security with…...
Retail and Ecommerce companies lose over $5 in costs for every $1 lost to fraud
2+ mon, 2+ week ago (300+ words) The study shows that 37% of retail and ecommerce organizations reported significant revenue losses due to fraud over the past year. The study finds that the total cost of fraud now exceeds $5 for every $1 of direct loss in both the United…...
Retail and Ecommerce Companies Face More Than $5 in Costs for Every $1 Lost to Fraud Amid Rising Complexity and Customer Experience Pressures
2+ mon, 2+ week ago (194+ words) Jun 25, 2026, 09:40 ET The study finds that the total cost of fraud now exceeds $5 for every $1 of direct loss in both the United States and Canada, reaching approximately $5.13 in the US and $5.23 in Canada. This marks the first time LexisNexis® Fraud…...
Warning over ChatGPT shopping scam leading shoppers to fake websites
3+ mon, 5+ day ago (332+ words) A warning has been issued over the ChatGPT shopping scam that leads to fake websites. Buyers are ripped off after assuming online stores were genuine because they are recommended by an AI tool. After spotting items they want online, shoppers…...
What Have Retailers Learnt About Broadband Security in Online Sales Around Valentine’s Day?
6+ mon, 2+ week ago (365+ words) The lead-up to Valentine’s Day sees a dramatic increase in website traffic, online payments, and customer data exchanges. This makes retailers prime targets for cybercriminals looking to exploit vulnerabilities. Downtime, data breaches, and slow connections can quickly turn a profitable…...
Appdome Survey Reveals Americans’ Rising Anxiety Over AI Fraud in Shopping Apps
9+ mon, 2+ week ago (354+ words) As U.S. consumers head into the busiest mobile shopping window of the year, new data from Appdome's fifth annual Consumer Expectations of Mobile App Security Report shows that synthetic fraud, identity theft, and AI-driven scams are now the top reasons Americans…...
Hackers want your money this Black Friday
9+ mon, 4+ week ago (743+ words) The shopping frenzy that starts in November has become a ripe picking ground for hackers who target retailers and consumers caught up in sales and discounts, rather than being on the lookout for fraud. This threat is compounded by typical…...