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Experian: US Suffers the Most Online Fraud

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Experian: US Suffers the Most Online FraudNew data from the credit reporting firm shows the sheer scale of online activity in the US also has made businesses and consumers there prime targets.

Consumers and businesses in the United States appear to be experiencing substantially more online fraud than their counterparts in other regions of the world.

The situation is driving an increased focus on technologies for detecting and preventing online fraud, a new survey by Experian shows.

The credit-monitoring firm recently polled 1,000 large companies and some 10,000 consumers across 21 countries on their experience with online fraud. The results showed eight-in-10 US businesses reporting an increase in fraud losses over the past 12 months, compared to 55% in Europe, the Middle East, and the rest of Asia. Much of the losses were tied to fraud resulting from account takeovers and the use of fake and stolen identities.

Experian's survey shows that some 40% of consumers worldwide...(continued)

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