Kount's latest eCommerce Trends, Spring 2020 Report, further quantifies the high growth e-commerce and online retailing is experiencing today. Wellness and vitamin online transaction volumes increased 91% year over year in mid-March. Friendly fraud escalates the more online revenue an e-commerce site or online retailer generates and can account for between 40% to 80% of all fraud losses. Credential stuffing, Account Takeover, and Streaming Potluck schemes are all used to defraud e-commerce sites and online retailers today. Credential stuffing, Account Takeover, and Streaming Potluck schemes are all used to defraud e-commerce sites and online retailers today.

Source: Forbes May 19, 2020 00:56 UTC