New Signifyd Report Spells out Ominous Warning for European Retailers Facing a 350% Increase in Fraud Pressure

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LONDON--()--As the holiday shopping season hits full stride, ecommerce retailers across Europe face a new era of malicious attacks spurred by a COVID-inspired transformation in ecommerce and a 350% increase in fraudulent online orders, according to data published today by Signifyd, the market leader in guaranteed commerce protection.
As the holiday shopping season hits full stride, a new Signifyd report shows ecommerce retailers across Europe face a new era of malicious attacks spurred by a COVID-inspired transformation in ecommerce and a 350% increase in fraudulent online orders.
Tweet this Signifyd, named the 2021 FStech Merchant Anti-Fraud Solution of the Year, says in a new report that retailers can expect a more perilous fraud landscape through the holiday shopping season and beyond.
Beyond offering a primer on best practices in the SCA era, "The State of Ecommerce Fraud in Europe” explores how several types of fraud attacks — including account takeover, automated card testing, synthetic identities, return fraud, mule fraud and unauthorized reselling — have morphed and are likely to remain prevalent.