Fraud Costs Retailers More Than They Know
Stores and online merchants already know of the typical ways fraud costs retailers. Identity fraud and use of stolen credit cards stick them with the cost of disputed charges. However, the costs may be even larger than they realize.
LexisNexis surveyed more than a thousand risk and fraud decision-makers and influencers for merchants. The results showed that as many as 14 million Americans fall prey to identity theft each year. When they do, almost one-third of them will avoid buying from specific