A report titled ‘Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2021-2025‘, conducted by Juniper Research, suggests that it’s time merchants step up their game. They must implement better fraud prevention strategies across all eCommerce channels if they do not wish to be subjected to significant chunk of losses. North America is estimated to be the worst hit as nearly 50% of the $20 billion estimated loss will occur in the region alone in 2021. Far East & China will be the second most worst hit with eCommerce fraud, followed by West Europe. Furthermore, the research identified that the use of artificial intelligence can help enable behavioural biometrics in this area, leading to increased security across all potential fraud channels.



The report highlighted that China would be the largest hub of the eCommerce fraud market in the entire world by accounting for a whopping 40% of eCom-related fraud losses in 2025, amounting to $12 billion. The research suggests that the massive e-commerce market combined with the relative lack of fraud detection measures will be the key drivers behind the situation. Juniper Research recommends that China-based eCommerce merchants start investing in fraud detection and prevention technologies from now. It will help them escape future fraud-related losses, which can further impact their already slim operating margin. All in all, it is well understood that consumers should be wary of upcoming fraud-related risks and, to prepare for the same, start becoming more vigilant when it comes to transacting online, especially on lesser-known e-commerce sites.


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