Fraudsters will take $2.8 billion from large to midsize online retailers this year, according to a new survey. The overall rate of fraud loss stands at 1.6 percent of revenue, says the survey from
Mindwave Research. Retailers selling between $5 million and $25 million in goods saw losses rise to 1.8 percent from 1.5 percent last year. Those selling more than $25 million saw losses increase to
1.2 percent from 1.1 percent. Smaller retailers selling less than $5 million in goods saw their fraud rates decline from 2.1 percent last year to 1.6 percent. JupiterResearch expects online sales this
year to hit $79 billion.
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