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Credit
Card Fraud Losses Top 700 Million
E-Commerce News - March 4, 2002
Fraud Continues to Haunt Online Retail
More than $700 million in online sales were lost to fraud in 2001,
representing 1.14 percent of total annual online sales of $61.8 billion,
according to GartnerG2.
A Gartner Internet
survey of more than 1,000 adult U.S. online consumers conducted in
January 2002, showed that 5.2 percent of respondents were victimized
by credit card fraud in 2001 and 1.9 percent were victimized by identity
theft (although respondents do not know whether the theft occurred
online or offline).
 
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Prevention
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Detection
Recovery
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