For every dollar of online fraud in 2021, retailers and e-commerce merchants in Canada lost an estimated 3.02 U.S. dollars. That represents an increase of more than five percent in the cost of online fraud compared to the previous year when it stood at 2.87 dollars.
Total cost for every dollar of fraud for retailers and e-commerce merchants in Canada in 2020 and 2021
(in U.S. dollars)
Characteristic
Costs per dollar of fraud
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among those experiencing fraud in the past 12 months*
Supplementary notes
* Does not include internal or employee fraud.
The number of risk and fraud executives in retail and e-commerce companies varies from year to year. In 2021 there were 145 participants in Canada.
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LexisNexis. (August 17, 2021). Total cost for every dollar of fraud for retailers and e-commerce merchants in Canada in 2020 and 2021 (in U.S. dollars) [Graph]. In Statista. Retrieved July 17, 2024, from https://www.statista.com/statistics/1294426/fraud-cost-online-retailers-canada/
LexisNexis. "Total cost for every dollar of fraud for retailers and e-commerce merchants in Canada in 2020 and 2021 (in U.S. dollars)." Chart. August 17, 2021. Statista. Accessed July 17, 2024. https://www.statista.com/statistics/1294426/fraud-cost-online-retailers-canada/
LexisNexis. (2021). Total cost for every dollar of fraud for retailers and e-commerce merchants in Canada in 2020 and 2021 (in U.S. dollars). Statista. Statista Inc.. Accessed: July 17, 2024. https://www.statista.com/statistics/1294426/fraud-cost-online-retailers-canada/
LexisNexis. "Total Cost for Every Dollar of Fraud for Retailers and E-commerce Merchants in Canada in 2020 and 2021 (in U.S. Dollars)." Statista, Statista Inc., 17 Aug 2021, https://www.statista.com/statistics/1294426/fraud-cost-online-retailers-canada/
LexisNexis, Total cost for every dollar of fraud for retailers and e-commerce merchants in Canada in 2020 and 2021 (in U.S. dollars) Statista, https://www.statista.com/statistics/1294426/fraud-cost-online-retailers-canada/ (last visited July 17, 2024)
Total cost for every dollar of fraud for retailers and e-commerce merchants in Canada in 2020 and 2021 (in U.S. dollars) [Graph], LexisNexis, August 17, 2021. [Online]. Available: https://www.statista.com/statistics/1294426/fraud-cost-online-retailers-canada/
