What Does the Future Hold for eCommerce Merchants?
In 2021, as more consumers shifted to eCommerce as their primary channel for purchasing products and services, more fraudsters seized opportunities to access sensitive information, drain bank accounts, and perpetrated identity theft.
How Did COVID-19 Accelerate the demand for eCommerce?
Combating eCommerce fraud got much more difficult to address when a worldwide pandemic was added to the mix. Consumers resorted to eCommerce platforms as large businesses closed their doors. But it didn't stop at this, the world also witnessed disruption in supply chain, surge in demand for essential goods and delivery issues.
This volatile situation is perfect for fraudsters to prey on vulnerable eCommerce merchants and cause havoc while their attention is diverted elsewhere.
In 2022, merchants will need to up their fraud security measures to stop fraudulent transactions without hindering the customer experience.
Trends Discussed in this Guide:
After reading, you’ll have a clear sense of what your business can do to stop eCommerce fraud in its tracks and position itself for success in 2022 and beyond.
Download the detailed guide to keep up with the ecommerce fraud trends.