Fraud that occurs on an e-commerce platform, similar to utilizing a stolen or faux bank card to make a buy order, is considered e-commerce fraud. Unfortunately, e-commerce retailers missed out on about $41 billion due to e-commerce fraud in 2022. In 2021, greater than half of 18- to 24-year-old social media users in the united states positioned at least one online order via social media. While these millennials make up the age group that shopped probably the most on social media, 25 to 34 years earn the second place spot.
Acryl Sani mentioned there were 8,162 online purchasing fraud cases…
