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
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