Sift, a fraud prevention company has released its Q1 2020 Digital Trust and Safety Index report, which revealed that the average value of fraudulent purchase attempts increased 69% in 2020. Sift also saw several business categories hit by both major increases in attempted fraud rates and increases in the value of those fraudulent purchases, with lodging, omnichannel retailer, digital wallet, and professional marketplace companies becoming targets for online theft amid the Covid-19 pandemic.

The Pandemic Causes Nearly Two Thirds of All Fraud Attacks To Be on Mobiles According To Sift Report | The Fintech Times