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Online payment fraud is costing business owners billions

Businesses are set to suffer over $206 billion in losses from identity fraud

in the period between 2021 and 2025, according to new figures.

A study from Juniper Research has highlighted growing issues for merchants, especially since the arrival of the global coronavirus pandemic. To put the huge figure into perspective; Juniper’s number is equivalent to nearly 10 times Amazon’s net income for the 2020 financial year.

Source: on 2021-07-05 06:30:00

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