herald

Wednesday 26 September 2018

Online fraud at €320m

ONLINE fraud is the greatest problem for Irish online retailers (eTailers) in the run-up to Christmas.

Although online sales have grown by 25pc year on year, 7pc of all orders are estimated to be fraudulent as reported by ETail Excellence Ireland this year.

This amounts to an estimated loss of €320m this year, and up to €551m by 2016.

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