LexisNexis® True Cost of Fraud™ Study

In the latest LexisNexis® True Cost of Fraud™ study, merchants share widespread confidence in fraud prevention processes despite critical challenges:

• The average merchant spends $4.60 on each dollar lost to fraud — a 32% increase since 2022.

• More than 40% of merchant organizations rely on manual fraud prevention processes.

• Fraud prevention increases customer churn at 59% of U.S. merchants and 46% of Canadian merchants.

How are forward-thinking retail and ecommerce organizations increasing conversions and approvals while mitigating fraud losses across channels, payment methods and the customer journey?

To find out, download the study, and benchmark your retail or ecommerce business against responses from over 500 risk and fraud executives in the industry.