RealNews

Survey: E-commerce fraud will cost businesses $2.8B this year

Merchants are set to lose $2.8 billion this year because of online fraud, according to a survey released by CyberSource Corp., a provider of electronic payment and risk management products in Mountain View, Calif. The $2.8 billion figure is 8% higher than last year, CyberSource said. The survey, conducted by Austin-based Mindwave Research Inc., found that companies with online revenues of between $5 million and $25 million annually are being hit the hardest. Full Story

OODA Analyst

OODA Analyst

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