Fraud Trends
The world is at a turning point as it exits an era of digital transformation. Ecommerce is still on a growth trajectory and is estimated to reach $8.14 trillion in global revenue by 2026 despite the hits it took in 2022. However, faced with rising energy and goods prices due to rising geopolitical tensions, global … Continued
Marketplace fraud teams are actively working to protect against known and emerging types of fraud, but some fraud tactics aren't as clear-cut.
If you had a successful ride on the roller coaster that is the holiday shopping season, your refund policy could soon be coming back to haunt you in the form of empty box scams. Across the board, policy abuse including promo abuse and item-not-received (INR) is on the rise, and merchants have come to expect more … Continued
The top post on the popular Dark Web forum DarknetMarketsNoobs is a pinned compilation of useful links and important previous entries. The helpful post serves well to illustrate just how outdated is the old trope of the lone fraudster working from their basement. Today, no fraudster is an island. Instead, fraudsters are part of an … Continued
Amateur policy abusers and those who are fraud-curious can now find countless practical – and affordable – guides to help them as they make their first steps in policy abuse. Riskified’s dark web researchers recently came across a $1-step-by-step guide to scamming fashion eCommerce giant Asos for an order refund. The very definition of the … Continued
The holiday season is sometimes referred to as the most hectic time of the year — and that’s not taking pandemic repercussions into account. This year, retailers must think about rebalancing in-store and online channels, planning around supply chain disruptions, and offering the variety of shopping, payment, and fulfillment options that digital customers desire. Riskified’s … Continued
2020 turned the fashion industry on its head, sending in-store revenues plummeting while ecommerce sales soared. A transition that would’ve taken years was completed in a matter of months, giving businesses that were already strong digital players a significant advantage. Those who were not, on the other hand, often struggled to accommodate the shopping boom … Continued
Riskified data show that high-end fashion merchants, department stores, and online marketplaces enjoyed a spike in transaction volume during Ramadan month in 2019, and even more so in 2020. Bolstered by the rapid shift online, the transaction volume processed by marketplaces between April 23 and May 23 of last year outpaced even the number of … Continued
The acceleration of ecommerce activity in 2020 has primed 2021 for real digital transformation. One of the sectors most fit for innovation is the fashion industry. Consumers enjoy the ability to try on clothes and accessories in store, and with lockdowns still persistent around the globe, fashion retailers will be challenged to make online shopping … Continued
