State of Fraud Report 2021
A New Age of Fraud – A New Age of Commerce Protection
COVID-19 changed the nature of ecommerce fraud. As a result of the unprecedented disruption, fraud became more abundant, more automated, and more diversified in terms of techniques and targets. In particular, fraudsters focused more on attacking the entire buying journey, including the earliest stages of account creation.
Signifyd’s State of Fraud Report found:
- A 146% increase in automated fraud attacks in 2020.
- A doubling of consumer abuse — including false claims that an order never arrived — in the first half of 2021.
- A 350% increase in fraud pressure — orders deemed to be fraudulent — by mid-2021.
Get the report to learn the latest fraud trends, including new types of attacks and new twists on old attacks, and strategies on how merchants can avoid fraud rings’ new intensity and ingenuity.
