Mobile Fraud Costs Hit $4.61 Per Dollar for North American E-commerce Merchants

Mobile Fraud Costs Hit $4.61 Per Dollar for North American E-commerce Merchants

A new study reveals that mobile transactions are a significant driver of e-commerce fraud costs in North America, with merchants facing increasing financial pressures from fraudulent activities. According to the LexisNexis True Cost of Fraud study, U.S. merchants now incur an average cost of $4.61 for every dollar of fraud, while Canadian merchants face a slightly lower cost of $4.52. The costs include not only the lost transaction value but als…