The 2024 holiday shopping bonanza broke all records. We saw consumers worldwide spend $1.2 trillion online, as revealed in a Salesforce report on Monday. $282 billion of that total came from the United States alone. However, with this surge in holiday sales, merchants should also expect a correlating increase in product returns and disputed transactions, indicating a tough Q1 2025 …
Continue readingBusinesses require a broad fraud prevention strategy. This means being proactive about reducing threats and protecting their income. Traditionally, North America and Europe have been prime targets for eCommerce fraud, but it’s rapidly expanding in other regions, too. The recently released Identity Fraud Report 2024 from Sumsub, for example, reveals a rapid increase in fraud in the Asia-Pacific (APAC) region, …
Continue readingAs we transition from Black Friday and Cyber Monday into the heart of the holiday shopping season, it’s important to balance our festive enthusiasm with a measure of caution. While most of us are focused on finding the perfect gifts and enjoying the season, it’s also a time when scammers are particularly active, seeking to exploit the holiday rush. Nobody …
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