China to Generate 40% of Online Fraud Losses by 2025: Juniper

Online fraud will cost e-tailers more than $20 billion in losses globally this year, up from an estimated $17.5 billion in 2020, reported Juniper Research Monday. Bad actors are “exposing insecure fraud mitigation processes from merchants who are unfamiliar and unprepared for the continuing fraud challenges,” it said: Merchants should “do more to implement fraud prevention strategies” across e-commerce channels, or risk continuously bigger losses, it said. Though merchants “will be keen to reduce fraud rates from their current levels, they will be hesitant to introduce extra friction into the checkout process,” the research firm said. "Merchants will need to ensure that extra security checks are justified to the user, or they risk higher cart abandonment,” said analyst Susan Morrow. Juniper forecasts China will generate 40% of e-commerce fraud losses by 2025, due to “a relative lack of fraud detection and prevention.”