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Juniper Research: Losses from Online Payment Fraud to More Than Double by 2023, Reaching $48 Billion Annually

Nov 20, 2018 - Business Wire

A new study from Juniper Research has found that annual online payment fraud losses from eCommerce, airline ticketing, money transfer and banking services, will reach $48 billion by 2023; up from the $22 billion in losses projected for 2018.

Juniper's new research, Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2018-2023 , claimed that a critical driver behind these losses will be the continued high level of data breaches resulting in the theft of sensitive per...