Don't let false declines keep new shoppers away
The volume of new online shoppers grew 5x in 2020, but these shoppers were 5-7x more likely to be declined by merchants with legacy fraud systems. Forter’s Ninth Edition Fraud Attack Index exposes current trends and patterns to help merchants better understand today’s e-commerce climate, such as:
- How unprecedented transaction volumes across 12 industries have affected rates for fraud and abuse.
- How new channels create new opportunities for bad actors to take advantage.
- How changing holiday shopping patterns impact how your business should prepare.
Download the Ninth Edition Fraud Attack Index
A new era of online commerce is here
New online shoppers should be an opportunity, not a risk
2020 has been marked by significant global commerce changes. Unprecedented new online users have created both a greater risk for false declines and a powerful potential for more revenue. However, new channels for online shoppers have also created more opportunities for fraud and abuse.
The way forward
How and where fraud and abuse are committed have shifted and require merchants to alter their approach in order to better protect their business and brand. Merchants must ensure their businesses are prepared to meet the new challenges of the current climate
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