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The impact of credit card fraud on your business


The impact of credit card fraud on your business

It doesn’t matter what your business sells — whether its electronics or coffee mugs — if you’re selling it online, it’s exposed to credit card fraud. Card-not-present (CNP) fraud is a growing problem, and it’s one that can do significant damage to your business and its bottom line. In fact, CNP fraud annual losses total $1.92 billion—a significant financial burden to bear. As fraud losses rise toward a predicted $6 billion by 2018, your business might experience increased:

 

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