Fighting the Retail Fraudster

Silicon Reports that moves by major banks to shift the cost of fraud back onto customers and merchants appear to have stirred the online retail operators into action, with many now reporting that a crackdown on fraud has seen levels either plateau or dip.

In total, two-thirds of respondents to a recent survey of 160 e-tailers said they had seen no increase in fraud during 2005, with 30 per cent saying levels had fallen and 35 per cent claiming they had remained static.