{"id":26550,"date":"2024-07-16T07:45:36","date_gmt":"2024-07-16T15:45:36","guid":{"rendered":"https:\/\/trc-parus.ru\/?p=26550"},"modified":"2024-07-16T07:45:36","modified_gmt":"2024-07-16T15:45:36","slug":"fraud-risk-by-industry-in-payments","status":"publish","type":"post","link":"https:\/\/trc-parus.ru\/blog\/fraud-risk-by-industry-in-payments\/","title":{"rendered":"Fraud Risk by Industry in Payments"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"26550\" class=\"elementor elementor-26550\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8f40cba e-flex e-con-boxed e-con e-parent\" data-id=\"8f40cba\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6d8bc3d elementor-widget elementor-widget-text-editor\" data-id=\"6d8bc3d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 25-07-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Fraud in payment processing poses a threat to businesses across various industries. Each industry faces unique challenges and vulnerabilities.\u00a0<\/p><p>This article covers the fraud risks and statistics associated with different industries, exploring the factors contributing to these risks and offering strategies to reduce fraud.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af4a602 elementor-widget elementor-widget-heading\" data-id=\"af4a602\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 25-07-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">How Fraud Rate is Measured<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c2d100 elementor-widget elementor-widget-text-editor\" data-id=\"6c2d100\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The <a href=\"https:\/\/trc-parus.ru\/blog\/industries-have-different-interchange-rates-in-payments\/\">fraud rate<\/a> in the context of credit card transactions is defined as the percentage of total transactions that are identified as fraudulent.\u00a0<\/p><p>It is calculated by dividing the number of fraudulent transactions by the total number of transactions, then multiplying by 100 to express it as a percentage.\u00a0<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align);\">For example, if a company processes 10,000 transactions and 100 of those are found to be fraudulent, the fraud rate would be calculated as follows:<\/span><\/p><p><b>Fraud Rate = (Number\u00a0of\u00a0Fraudulent\u00a0Transactions \/\u00a0<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; text-align: var(--text-align); font-size: 1rem;\">Total\u00a0Number\u00a0of\u00a0Transactions) x 100<\/span><br \/><\/b><\/p><p>This metric is used for monitoring and controlling fraud within various industries, allowing businesses to evaluate the effectiveness of their fraud prevention measures and adjust them as needed.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9f5df9 elementor-widget elementor-widget-heading\" data-id=\"f9f5df9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fraud Rate by Industry in 2023<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a45c3e4 elementor-widget elementor-widget-text-editor\" data-id=\"a45c3e4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><a href=\"https:\/\/trc-parus.ru\/blog\/types-of-credit-card-fraud-that-merchants-must-know\/\">Credit card fraud<\/a> is a pervasive issue impacting various industries, each with unique vulnerabilities and estimated fraud rates. The table below highlights the 20 industries affected by credit card fraud, detailing their estimated fraud rates and the most common fraud types they encounter.\u00a0<\/p><p>Industries such as e-commerce, gaming, travel, hospitality, retail, and fuel stations face the highest fraud rates, primarily due to card-not-present (CNP) fraud, skimming, and chargeback fraud.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3a1a8f elementor-widget elementor-widget-eael-advanced-data-table\" data-id=\"b3a1a8f\" data-element_type=\"widget\" data-widget_type=\"eael-advanced-data-table.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"ea-advanced-data-table-wrap\" data-id=\"b3a1a8f\"><div class=\"ea-advanced-data-table-wrap-inner\">\n                <table class=\"ea-advanced-data-table ea-advanced-data-table-static ea-advanced-data-table-b3a1a8f\" data-id=\"b3a1a8f\"><thead><tr><th>Rank<\/th><th>Industry<\/th><th>Fraud Rate<\/th><th>Most Common Fraud Type<\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td><p>Travel and Hospitality<\/p><\/td><td><p>3.2%<\/p><\/td><td><p>Fake Bookings, Loyalty Program Fraud<\/p><\/td><\/tr><tr><td>2<\/td><td><p>Fuel Stations<\/p><\/td><td><p>1.80%<\/p><\/td><td><p>Card Skimming<\/p><\/td><\/tr><tr><td>3<\/td><td>E-commerce<\/td><td>0.93%<\/td><td>Card-Not-Present (CNP) Fraud<\/td><\/tr><tr><td>4<\/td><td>Retail<\/td><td>0.90%<\/td><td>CNP Fraud, Return Fraud, Identity Theft<\/td><\/tr><tr><td>5<\/td><td>Financial Services<\/td><td>0.90%<\/td><td>Account Takeover, Unauthorized Transactions<\/td><\/tr><tr><td>6<\/td><td>Entertainment<\/td><td>0.80%<\/td><td>Ticket Fraud, Subscription Fraud<\/td><\/tr><tr><td>7<\/td><td>Telecommunications<\/td><td>0.70%<\/td><td>Subscription Fraud, Unauthorized Access<\/td><\/tr><tr><td>8<\/td><td>Restaurants<\/td><td>0.60%<\/td><td>Skimming, Chargeback Fraud<\/td><\/tr><tr><td>9<\/td><td>Automotive<\/td><td>0.60%<\/td><td>Fraudulent Purchases, Financing Fraud<\/td><\/tr><tr><td>10<\/td><td>Logistics and Shipping<\/td><td>0.60%<\/td><td>Fraudulent Shipping Orders, Cargo Theft<\/td><\/tr><tr><td>11<\/td><td>Grocery<\/td><td>0.50%<\/td><td>Return Fraud, Counterfeit Card Use<\/td><\/tr><tr><td>12<\/td><td>Charitable Organizations<\/td><td>0.50%<\/td><td>Donation Fraud, Phishing Scams<\/td><\/tr><tr><td>13<\/td><td>Government Services<\/td><td>0.50%<\/td><td>Benefits Fraud, Tax Refund Fraud<\/td><\/tr><tr><td>14<\/td><td>Personal Services<\/td><td>0.50%<\/td><td>Identity Theft, Unauthorized Transactions<\/td><\/tr><tr><td>15<\/td><td>Utilities<\/td><td>0.40%<\/td><td>Payment Fraud, Identity Theft<\/td><\/tr><tr><td>16<\/td><td>Insurance<\/td><td>0.40%<\/td><td>Fraudulent Claims, Identity Theft<\/td><\/tr><tr><td>17<\/td><td>Professional Services<\/td><td>0.40%<\/td><td>Invoice Fraud, Unauthorized Payments<\/td><\/tr><tr><td>18<\/td><td>Education<\/td><td>0.30%<\/td><td>Tuition Payment Fraud, Financial Aid Fraud<\/td><\/tr><tr><td>19<\/td><td>Real Estate<\/td><td>0.30%<\/td><td>Mortgage Fraud, Fraudulent Rental Applications<\/td><\/tr><tr><td>20<\/td><td>Healthcare<\/td><td>0.20%<\/td><td>Medical Identity Theft, Insurance Fraud<\/td><\/tr><\/tbody><\/table>\n            <\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93c2952 elementor-widget elementor-widget-text-editor\" data-id=\"93c2952\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The table above are estimates for North America. Fraud rates are extremely difficult to get 100% accurate, however they provide an overview of the fraud activity and risk in an industry.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ef1dc0 elementor-widget elementor-widget-heading\" data-id=\"7ef1dc0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">An Overview of Fraud in Different Industries<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a9ce52 elementor-widget elementor-widget-text-editor\" data-id=\"8a9ce52\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"flex flex-grow flex-col max-w-full\"><div class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"dea87c02-92f6-45f7-b661-d0cc3311f1b6\"><div class=\"flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]\"><div class=\"markdown prose w-full break-words dark:prose-invert dark\"><p>Fraud is a pervasive issue that affects various industries, each facing unique challenges and vulnerabilities. From e-commerce to healthcare, the nature and frequency of fraudulent activities can vary significantly.\u00a0<\/p><p>This section provides an overview of the fraud landscape across different industries, highlighting the most common types of fraud, estimated fraud rates, and the specific risks each sector encounters.\u00a0<\/p><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-047fcec elementor-widget elementor-widget-heading\" data-id=\"047fcec\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Retail Industry<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a8e882 elementor-widget elementor-widget-text-editor\" data-id=\"6a8e882\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The <a href=\"https:\/\/trc-parus.ru\/solutions\/retail\/\">retail sector<\/a> is particularly susceptible to payment fraud due to the high volume of transactions and the widespread use of credit and debit cards. According to a report by LexisNexis, the retail industry faces the highest fraud attack rate, with an average of 28 successful fraud attempts per month per business.<\/p><ul><li><strong>Card-Not-Present (CNP) Fraud:<\/strong>\u00a0This occurs when transactions are made without the physical card, often in e-commerce settings. In 2023, CNP fraud accounted for 81% of all fraud losses in the retail sector, amounting to over $4.5 billion.<\/li><li><strong>Chargeback Fraud:<\/strong>\u00a0Also known as friendly fraud, this occurs when customers dispute legitimate charges to obtain refunds while keeping the purchased goods. Chargeback fraud increased by 23% in 2023, costing retailers $125 billion globally.<\/li><li><strong>Point-of-Sale (POS) Attacks:<\/strong>\u00a0Fraudsters target POS systems to steal card information through methods such as skimming devices or malware. POS fraud incidents rose by 27% in 2023, highlighting the growing threat to physical retail locations.<\/li><\/ul><p>To mitigate these risks, retailers can implement robust authentication measures, invest in <a href=\"https:\/\/trc-parus.ru\/blog\/what-is-a-payment-gateway\/\">secure payment gateways<\/a>, and educate customers about secure online shopping practices.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d7582d9 elementor-widget elementor-widget-heading\" data-id=\"d7582d9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Financial Services<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f41e138 elementor-widget elementor-widget-text-editor\" data-id=\"f41e138\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The financial services industry faces a high risk of fraud due to the nature of its operations and the sensitive information it handles. According to the <a href=\"https:\/\/www.acfe.com\/\" target=\"_blank\" rel=\"noopener\">Association of Certified Fraud Examiners (ACFE)<\/a>, financial institutions account for 16.8% of all reported fraud cases.<\/p><ul><li><strong>Account Takeover (ATO):<\/strong>\u00a0Fraudsters gain unauthorized access to customer accounts to steal funds or conduct illicit transactions. ATO fraud increased by 72% in 2023, with losses totaling $11.4 billion.<\/li><li><strong>Phishing and Social Engineering:<\/strong>\u00a0Attackers deceive employees or customers into divulging sensitive information, such as login credentials or personal identification numbers (PINs). In 2023, 83% of financial institutions reported an increase in phishing attacks.<\/li><li><strong>Insider Threats:<\/strong>\u00a0Employees with access to sensitive information may misuse their positions to commit fraud. Insider fraud accounts for 15% of fraud losses in the financial sector, with an average loss of $200,000 per incident.<\/li><\/ul><p>Financial institutions can reduce these risks by adopting advanced <a href=\"https:\/\/trc-parus.ru\/blog\/fraud-detection-in-payment-processing\/\">fraud detection systems<\/a>, conducting regular security audits, and providing ongoing training for employees on recognizing and preventing fraud.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5cee0fe elementor-widget elementor-widget-heading\" data-id=\"5cee0fe\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Healthcare Industry<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c34592 elementor-widget elementor-widget-text-editor\" data-id=\"7c34592\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><a href=\"https:\/\/trc-parus.ru\/solutions\/healthcare\/\">Healthcare organizations<\/a> are increasingly targeted by fraudsters due to the valuable personal and financial information they possess. The National Health Care Anti-Fraud Association estimates that healthcare fraud costs the industry $68 billion annually.<\/p><ul><li><strong>Medical Identity Theft:<\/strong>\u00a0Fraudsters use stolen patient information to obtain medical services, prescriptions, or insurance reimbursements. In 2023, there were over 2.3 million cases of medical identity theft, resulting in $41 billion in losses.<\/li><li><strong>Billing and Coding Fraud:<\/strong>\u00a0Healthcare providers may intentionally submit false claims or overcharge for services to receive higher reimbursements from insurers. Fraudulent billing accounts for approximately 10% of total healthcare spending, equating to $272 billion annually.<\/li><li><strong>Data Breaches:<\/strong>\u00a0Cybercriminals target healthcare systems to steal patient data, which can be sold on the dark web or used for fraudulent activities. Healthcare data breaches increased by 55% in 2023, affecting over 29 million records.<\/li><\/ul><p>To combat these risks, healthcare providers should implement stringent data protection measures, regularly monitor billing practices, and educate staff on recognizing and reporting fraudulent activities.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44fd63c elementor-widget elementor-widget-heading\" data-id=\"44fd63c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Travel and Hospitality<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cfac74 elementor-widget elementor-widget-text-editor\" data-id=\"8cfac74\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The <a href=\"https:\/\/trc-parus.ru\/solutions\/travel-entertainment\/\">travel and hospitality industry<\/a> is vulnerable to fraud due to the frequent use of online booking systems and the high value of transactions. The travel sector experiences an average fraud rate of 3.2%, significantly higher than other industries.<\/p><ul><li><strong>Fake Bookings:<\/strong>\u00a0Fraudsters create fake reservations using stolen card details, leading to chargebacks and revenue loss. In 2023, fake bookings resulted in $1.7 billion in losses for the travel industry.<\/li><li><strong>Loyalty Program Fraud:<\/strong>\u00a0Attackers exploit vulnerabilities in loyalty programs to steal points or rewards, which can be redeemed for goods or services. Loyalty fraud increased by 89% in 2023, costing the industry $2.4 billion.<\/li><li><strong>Phishing Attacks:<\/strong>\u00a0Cybercriminals target customers with fake booking confirmations or promotional offers to steal personal and payment information. The travel industry saw a 44% increase in phishing attacks in 2023.<\/li><\/ul><p>To mitigate these risks, businesses in the travel and hospitality sector should enhance the security of their booking systems, monitor loyalty programs for suspicious activity, and educate customers about phishing scams.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0957291 elementor-widget elementor-widget-heading\" data-id=\"0957291\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">E-Commerce<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a968f26 elementor-widget elementor-widget-text-editor\" data-id=\"a968f26\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The<a href=\"https:\/\/trc-parus.ru\/solutions\/ecommerce\/\"> e-commerce industry<\/a> is a prime target for fraud due to its reliance on online transactions and the anonymity of the internet. According to Juniper Research, e-commerce fraud losses are expected to reach $48 billion by 2023.<\/p><ul><li><strong>Account Takeover (ATO):<\/strong>\u00a0Fraudsters hijack customer accounts to make unauthorized purchases or steal stored payment information. ATO incidents in e-commerce increased by 15% in 2023, causing $3.4 billion in losses.<\/li><li><strong>Return Fraud:<\/strong>\u00a0Fraudsters exploit return policies by returning stolen or counterfeit goods for refunds or store credit. Return fraud costs e-commerce merchants $24 billion annually, accounting for 8% of total returns.<\/li><li><strong>Promo Code Abuse:<\/strong>\u00a0Attackers use stolen or fraudulent promo codes to obtain discounts or free items, causing financial losses for businesses. Promo code abuse surged by 29% in 2023, leading to $1.7 billion in losses.<\/li><\/ul><p>E-commerce merchants can reduce these risks by implementing multi-factor authentication, monitoring for unusual account activity, and setting clear return policies with robust verification processes.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Fraud in payment processing poses a threat to businesses across various industries. Each industry faces unique challenges and vulnerabilities.\u00a0 This article covers the fraud risks and statistics associated with different industries, exploring the factors contributing to these risks and offering strategies to reduce fraud. How Fraud Rate is Measured The fraud rate in the context [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-26550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-how-payments-work"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fraud Risk by Industry in Payments<\/title>\n<meta name=\"description\" content=\"Fraud risk by industry with statistics along with top types of credit card fraud by certain industries like travel, eCommerce, and retail.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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