Online Fraud Expected To Grow 43 Percent This Holiday Season In The U.S.

From PYMNTS.com

‘Tis the season for giving and for scamming. With the holidays around the corner, ACI Worldwide is warning that U.S. retailers should brace for a 43 percent growth in fraudulent activity online this holiday season compared with last year.

The data, which is based on hundreds of millions of transactions from retailers around the world, found that card-not-present U.S. online fraud attempt rates are forecasted by ACI to increase 43 percent by volume over the same peak holiday period last year. What’s more, ACI found fraud and new business growth are rising at the same rate around the world, and globally, card-not-present fraud attempt rates are expected to increase by 12 percent by volume.

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