Fraud is more prevalent and accessible than it’s ever been. As it gets easier for anyone with internet access to buy and sell stolen payment information, we’re seeing a surge in both fraudsters’ profits and in the size of their networks. With the scale and scope of fraud continuing to expand, risk teams need the right tools in place to secure their business operations and protect revenue.
In Sift’s latest Digital Trust & Safety Index, Sift Trust and Safety Architects analyze industry data and consumer insights* to expose how payment fraud attacks are impacting businesses and their customers. Read the full report and see the below infographic for key findings on payment fraud.
*The data highlighted in this report is derived from Sift’s global data network of one trillion (1T) events across 2021 and 2022, along with insights gathered on behalf of Sift by Researchscape, which polled 1,091 (aged 18+) U.S. consumers (aged 18+) in February 2023.