Source: eMarketer, August 2022 - May 2023
Note: includes losses incurred by the merchant, consumer, and issuer for fraudulent non-CNP payment transactions occurring via credit, debit, and prepaid cards
Additional Note: Non-CNP card fraud includes which cannot be classified as CNP such as lost/stolen, counterfeit, card non-receipt or other. CNP fraud includes fraud in which stolen card details are used to purchase online. Payments fraud is a cleared and settled transaction that a third party initiated without the authorization, agreement, or voluntary assistance of the authorized user (the account holder or cardholder) with the intent to deceive for personal gain. Third-party payments fraud generally takes advantage of a vulnerability or security failure in a payment type, initiation method, or system.
Methodology: Estimates are based on the analysis of data from the US Department of Commerce and the Federal Reserve, estimates from other research firms, reported company revenues, historical trends, consumer buying trends, and macro-level economic conditions.