In 2016, an estimated 1.61 billion people worldwide purchased goods online, and global e-retail sales amounted to $1.9 trillion. Yet online shopping isn’t the only thing on the rise: While chip-enabled cards have made brick-and-mortar shopping safer, fraudsters are increasingly targeting online stores—and these internet businesses are responsible for not only detecting fraud, but also paying the associated costs. What can online businesses do about it? A new Stripe report aims to help businesses better understand the underpinnings of fraudulent behavior to create specific strategies best suited for their businesses.
Download the full report here.