One Win for the Good Guys

Some times the good guys do win.

Results of the eleventh annual CyberSource Corporation survey of eCommerce fraud show that merchants in 2009 were fighting back against fraud, and seeing considerable evidence of success. U.S. and Canadian merchants expect to lose about $3.3 billion to eCommerce fraud this year, down from $4 billion last year. This is the first drop in estimated revenues lost since 2003. The percentage of revenue merchants predict they will lose in 2009, on average, is 1.2%, the lowest estimate in the 11-year history of the survey.

That's definitely good news and heading towards the right direction. To read more, download the whitepaper, 11th Annual Online Fraud Report. Registration required.