On average, enterprises lost $2.98m to fraudulent attacks, though luxury fashion retailers lost $3.97m and health and beauty brands $3.94m each.
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Adyen finds the global retail sector lost $429b to payments fraud last year
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"Fraudulent activity is also impacting shopper wallets, with 35% of consumers globally becoming a victim of payments fraud over the past year, compared to 23% falling victim in 2022."
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