With the birth of eCommerce came its twin sibling: online payment fraud.

In the early days of online payments, fraud was committed by teens looking to impress their friends by getting products for free using stolen credit card details or their parents' credit cards. But fraud has since matured into a multi-billion dollar industry complete with advanced technology and international cyber criminal networks.

PYMNTS.com and Signifyd partnered together to track, analyze and report on the important trends in the world of fraud as it relates to payments and eCommerce. The Global Fraud Index™ measures the growth (or decline) of attempted fraud on eCommerce merchant websites. It also lays out the potential cost of these attempts.

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