As we approach the one-year anniversary of the EMV liability shift, we have seen an increase in e-commerce fraud — to the tune of 15% higher than last year. Additional insights from Experian’s biannual analysis on e-commerce fraud include:
· 44% of e-commerce billing fraud came from Florida, California and New York*
· 52% of e-commerce shipping fraud came from Florida, New York and California*
· Miami, Fla., is the most dangerous city in the United States for e-commerce merchants*
As fraudsters continue to perpetrate card-not-present fraud, ensure you are prepared. You’ll be thankful if fraudsters come calling.