Digital Trust & Safety Index: Exposing the Multi-billion Dollar Fraud Economy

Online fraud has matured well beyond outdated expectations of siloed attacks and lone, basement-dwelling hackers. New data from Sift’s global merchant network illustrates a complex, interconnected Fraud Economy of known vectors and emerging threats, with the majority of attacks serving as stepping stones towards high-return payment fraud—and the potential to cost online businesses resources, profits, and growth at every touchpoint.

Explore this new report to discover:

• The contributing factors to the 69% YoY surge in attempted online payment fraud
• How fraud vectors have evolved from siloed incidents into an interconnected Fraud Economy, with the majority of vectors leading to payment abuse
• Details of a sophisticated fraud ring attacking fundraising sites with automation
• The industries, items, and payment types most targeted by cybercriminals in 2020