Social distancing has affected consumer shopping patterns, and a TransUnion survey found that 22% of Americans said they’ve been targeted by digital fraud related to COVID-19. The report also found a 23% increase in global e-commerce transactions in the week following the World Health Organization declaring the novel coronavirus outbreak a pandemic on March 11, 2020, compared to the average weekly volume in 2020.
Consumers are greatly reliant on online retailers during the coronavirus pandemic, and businesses must be armed to combat fraud, while making sure the company’s web and mobile platforms are bug-free… Tech Republic