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Online Payment Fraud Attempts Soar

Attempted online payment fraud increased 73% in 2019, well exceeding the growth of digital payments overall. According to the inaugural Digital Trust & Safety Index from digital security platform Sift, more than half (51%) of the payment fraud attempted in 2019 was performed via mobile devices. However, only 52% of e-commerce retailers report tracking fraud on mobile channels.

Looking at payment fraud attempts by operating system during 2019, the index found that Windows accounted for the largest share (37.73%), followed by iOS (27.75%), Android (22.9%), MacOS (7.9%), Unix (2.6%), and other (1.12%). According to the index, the top 10 payment types for attempted online fraud during 2019 were… Chain Store Age

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