The 2017 True Cost of Fraud℠ study for retail, eCommerce, financial services and lending firms found massive benefits when using a multi-layered solution.
This research covers consumer-facing fraud methods and does not include information on insider fraud or employee theft. This LexisNexis Risk Solutions 2017 True Cost of Fraud study was conducted for LexisNexis by KS&R. It establishes the cost of fraud through different payment channels. LexisNexis and the Knowledge Burst logo are registered trademarks of RELX Inc. LexisNexis Fraud Multiplier is a service mark of RELX Inc. True Cost of Fraud is a service mark of LexisNexis Risk Solutions Inc. Copyright 2017 LexisNexis. All rights reserved. NXR12801-00-0817-EN-US
* Mid/Large is defined as those generating $10M+ revenues annually
** Large is defined as those generating $50M+ revenues annually
*** Based on 2017 True Cost of FraudSM survey respondents, results can differ based on various other factors and are not a prediction or promise of the same outcomes.