Pay Attention To This… Or Your Online Business is Dead!
According to ACI Worldwide Research, year-over-year global retail e-commerce sales have grown 209% to a new all-time high.
It’s great news for online retailers. But, there’s some very bad news too. Fraudulent transactions have also reached all-time highs, which is costing businesses a fortune. So much so, that many businesses are on the brink of extinction because of it.
According to the LexisNexis® Risk Solutions 2019 True Cost of Fraud, every dollar in fraudulent transactions cost retailers $3.13!
- Every $1 In Fraud Cost Your Business $3.13
- Every $100 in Fraud Is Costing Your Business $313
- And Every $1,000 in E-commerce Fraud is Costing You $3,130!
The cost of fraud is creating an unsustainable business environment for e-commerce retailers of every size. And the problem is not going away any time soon. In fact, it’s only getting worse.
The most common e-commerce frauds that are costing retailers business killing expenses:
- Friendly Fraud
- Gaming and Wireless Fraud
- Account Takeover (ATO) Fraud
It’s Simply Impossible To Stay In Business Under These Conditions
But there is a light at the end of the tunnel!
Even though the numbers are grim, you can save your business and eliminate the losses by simply using the right tools to detect and prevent these frauds from happening before it’s too late.
ToolCASE, the world’s most advanced transactional AI company offers e-tailers the world’s leading real-time fraud detection and prevention tools. Tools that can save your business from dying and can boost your bottom line. So you don’t have to pay $3.13 for every $1 in fraud ever again.
Their simple to use suite of products can detect and prevent fraud in real-time, as it’s happening; not after the fact when it’s too late. Learn how ToolCASE can save your business, visit them HERE.