Can you guess how much online merchants lose due to online payment fraud? 1 million? 2 million? 500 million? No. It is 3.6 billion as per the 2008 edition of the online fraud report. And we are talking USD’s! This works out to about 1.4% of the revenue lost to fraud.

This report shows the various online fraud management benchmarks, trends and practices. The report also covers fraud metrics, management practices and tools used. Detailed analysis of data leaves you with a good insight on how this menace can be handled.

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