Companies sound alarm over e-fraud


Fraud is becoming such a problem that it is expected to carve $2.8-billion (U.S.) out of the e-commerce industry in 2005, up $200-million from the year before.

This year, mid-to-large merchants fared worse as their fraud rates went up for the first time in some years.

The alarm was sounded by the seventh annual CyberSource Corp. fraud survey. Globetechnology: Companies sound alarm over e-fraud

Linked by shanmuga Thursday, 10th November 2005 6:42AM