A 2022 study has revealed that online payment fraud is a widespread issue across the globe. In particular, merchants based in Latin America and the Asia-Pacific region are the biggest investors in fraud management, allocating 19 percent and 15 percent of their yearly e-commerce revenue, respectively, to combat this type of fraud.
Share of annual e-commerce revenue spent on managing payment fraud according to merchants worldwide in 2022, by region
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CyberSource. (March 29, 2023). Share of annual e-commerce revenue spent on managing payment fraud according to merchants worldwide in 2022, by region [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1296208/ecommerce-revenue-fraud-management-worldwide/
CyberSource. "Share of annual e-commerce revenue spent on managing payment fraud according to merchants worldwide in 2022, by region." Chart. March 29, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1296208/ecommerce-revenue-fraud-management-worldwide/
CyberSource. (2023). Share of annual e-commerce revenue spent on managing payment fraud according to merchants worldwide in 2022, by region. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1296208/ecommerce-revenue-fraud-management-worldwide/
CyberSource. "Share of Annual E-commerce Revenue Spent on Managing Payment Fraud According to Merchants Worldwide in 2022, by Region." Statista, Statista Inc., 29 Mar 2023, https://www.statista.com/statistics/1296208/ecommerce-revenue-fraud-management-worldwide/
CyberSource, Share of annual e-commerce revenue spent on managing payment fraud according to merchants worldwide in 2022, by region Statista, https://www.statista.com/statistics/1296208/ecommerce-revenue-fraud-management-worldwide/ (last visited December 30, 2024)
Share of annual e-commerce revenue spent on managing payment fraud according to merchants worldwide in 2022, by region [Graph], CyberSource, March 29, 2023. [Online]. Available: https://www.statista.com/statistics/1296208/ecommerce-revenue-fraud-management-worldwide/
