LexisNexis and Javelin Strategy & Research have published new research, LexisNexis® 2014 True Cost of Fraud(SM) Mobile study, to help mobile commerce retailers grow their business while reducing fraud. The costs associated with mobile-channel fraud are more than three times the initial losses. At $3.34 per dollar of fraud losses, the LexisNexis® Fraud Multiplier(SM) cost for fraudulent mobile transactions is the highest of any channel. In this study, we outline why retailers that process anonymous transactions via tablets, smart phones and other mobile devices increase their business but, at the same time, become more susceptible to fraud.
Download the study to learn key insights and latest trends to help combat fraud associated with fast-growing mobile commerce.