Rising Fraud, Declines, and Chargebacks Pose Greater Risks to Merchants

Amount/Percentage	Description
$91.4B	Worldwide eCommerce fraud forecasted by 2028, up from $38.1 billion in 2023
59%	Of financial institutions reported an overall increase in fraud rate compared to the previous year
49.2K+	Estimated number of banking companies using fraud detection & prevention by 2029
$25.3B	Total spend of banking companies using fraud detection & prevention by 2029