Chargebacks911 was recently consulted for The Paypers’s 2022-23 Fraud Prevention eCommerce Report. The article takes a close look at recent fraud trends, along with their projected trajectories for the incoming year.
The Paypers is a Netherlands-based leading independent source of news and analysis products for the global fintech, payments, and eCommerce industry. The company’s products are aimed at merchants, payment services providers, processors, financial institutions, fintech companies, and technology vendors. Their focus is on major global trends and developments in digital channels, digital transactions, digital identity, and securing transactions.
In their announcement, The Paypers reflected on the economic turbulence of the last year. The current global economic downturn, caused by the ongoing war in Ukraine and spikes in prices of gas and energy, led to an increased inflation rate. There’s the potential for a looming recession. These concerns impacted the fraud sector, as scammers are eager to prey on the weak.
According to the article, topics such as fraud-as-a-service (FaaS), social media fraud, and gift card scams represent this year’s hottest trends. These are followed closely by more common types of abuse like CNP fraud, refund abuse, first-party misuse, bot attacks, multi-accounting, and others. The main highlights of the Report include:
Chargebacks911 was mentioned as a key partner in the compilation and comprehension of the Report. Our input was particularly felt within the realm of most affected verticals and their subsets.
Click here to read the announcement and download the full report.