Online Merchants Improve Fraud Management

For the second consecutive year, North American online merchants improved their fraud management performance in 2010, according to the CyberSource 2011 Online Fraud Report. In 2008, online fraud hit an all-time peak of $4 billion, which dropped 17.5% year-over-year to $3.3 billion, and another 18% year-over-year to $2.7 billion in 2010. Compared to 2008, online fraud in 2010 dropped 32.5%.
(more…)