North American Ecommerce and Retail Companies Face a $3.00 Total Cost for Each Dollar Lost to Fraud, According to True Cost of Fraud Study from LexisNexis Risk Solutions

– • Sixty percent (60%) of ecommerce merchants and 53% of retailers experienced a rise in overall fraud levels. – • Digital channels contribute to over half of fraud losses for ecommerce and retail businesses. – • One in five transactions utilize digital payment methods such as digital wallets…
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"The only truly secure system is one that is powered off, cast in a block of concrete and sealed in a lead-lined room with armed guards." — Gene Spafford

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