Online scams result in new operating risks for merchants: Ponemon Institute ...Middle East

Organisations in the United States are losing an average of 4.5 million dollars per year due to online fraudulent transactions, according to a new study from the Ponemon Institute and sponsored by global leader in digital payments PayPal. Despite these losses, only half (51 per cent) say their organisations are prioritising protecting online financial transactions, said the study titled 'The Real Cost of Online Fraud.'

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