Research Results: Exploring the Financial Impact of Fraud in a Digital World

Evaluating all the financial impacts of fraud can be complex, but one overall trend emerges: fraud threats are on the rise despite increased spending by merchants.

"Exploring the Financial Impact of Fraud in a Digital World," an annual survey from Javelin, commissioned by Vesta, breaks down many measures of how fraud affects merchants—particularly when card-not-present and digital goods transactions are involved. A few key findings from the 2017 report paint a quick picture of the challenges merchants face in mitigating fraud risks:

• Merchants are losing, on average, 8% of their annual revenue to fraud.
• Unauthorized transactions are up 33%—representing nearly half of merchants' average fraud losses.
• Merchants are spending over 20% of their operating budgets on fighting fraud.

Download the full report and use Javelin's data and insights to prioritize and plan a better fraud management strategy. By sharing this report with the e-commerce community, Vesta hopes to promote a safer and more vibrant digital retail marketplace.