Online retail fraud up nearly a third in the 2019 holiday season

A new study shows a 29 percent increase in suspected online retail fraud during the start of the 2019 holiday shopping season compared to the same period in 2018, and a 60 percent increase over the same period from 2017 to 2019. The findings from iovation, the fraud prevention arm of TransUnion, are based on the online retail transactions analyzed for its e-commerce customers between Thanksgiving and Cyber Monday over the last three years. "This data unfortunately reinforces the fraud fears that consumers expressed in our recent survey," says TransUnion senior vice president of business planning and development, Greg Pierson.… [Continue Reading]