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Fraud and Security in the Global Online Payments Industry: Card-not-present (CNP) Fraud Loss in the U.S. is Expected to Increase in 2024

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2 years ago

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DUBLIN, Feb. 15, 2024 /PRNewswire/ — The “Fraud and Security in Global Online Payments 2024″ report has been added to ResearchAndMarkets.com’s offering.

Global B2C E-Commerce fraud losses to grow by +40% CAGR from 2023 to 2028

As B2C E-Commerce expands, both businesses and consumers globally face increased vulnerability to fraud. Projections indicate that global B2C E-Commerce losses from online payment fraud are set to rise significantly, potentially reaching billions, with a projected +40% CAGR between 2023 and 2028.

By 2025, Asia-Pacific is expected to lead in online payment fraud losses, followed by North America and Europe. Currently, North America holds the highest share of total fraudulent B2C E-Commerce transaction value, with Europe ranking second. In response to this growing threat of financial crime, global expenditure on financial crime prevention is anticipated to increase by 2027. Moreover, a substantial number of global respondents agree that “biometric authentication makes online payment safer,” as observed in April 2023.

Card-not-present (CNP) fraud loss in the U.S. is expected to increase in 2024

In the UK, data highlighted in the report indicate a decline in unauthorized payment card fraud and card-not-present (CNP) payment fraud from the first half of 2022 to the first half of 2023. Meanwhile, CNP fraud is expected to rise in the USA by 2024, comprising approximately three-quarters of the total payment fraud loss.

Around a quarter of US adults reported being victims of account takeover (ATO) attacks in 2023. Moreover, while roughly one in ten banking customers reported P2P payment scams as of May 2023, more than half of them expressed satisfaction with their bank’s handling of P2P fraud claims.

Key Questions Covered:

How much online payment fraud loss is expected globally by 2028?Which global region is projected to witness the highest online payment fraud loss in 2025?How many global respondents believed biometric authentication enhances online security in April 2023?What share of global B2C E-Commerce revenue was lost to fraud in 2023?What is the projected expenditure for global financial crime prevention by 2027?

Key Topics Covered:

1. Key Takeaways

2. Management Summary

3. Global Developments

Overview of Security in Virtual Cards Market, February 2024Overview of Enhanced Security Measures at POS, February 2024 (1 of 2)Overview of Enhanced Security Measures at POS, February 2024 (2 of 2)Overview of Concerns in Online And Mobile Payment Market, February 2024Overview of AI Use in Embedded Finance Ecosystem, February 2024Merchant Online Payment Fraud Loss, in USD billion, 2023e & 2028fOnline Payment Fraud Loss Value, by Region, in USD billion, 2025fB2C E-Commerce Loss Due to Online Payment Fraud, in USD billion, 2020 & 2023eShare of B2C E-Commerce Revenue Loss to Fraud, in %, 2023Breakdown of Fraudulent B2C E-Commerce Transaction Value, by Region, in %, 2023eFinancial Crime Prevention Spend, in USD billion, 2023e & 2027fBiometric In-Store Payments Market Size, in USD trillion, 2024e & 2028fNumber of Digital Identity Verification Checks, in billions, 2023e & 2024fShare of Banking Making Up the Total Digital Identity Verification Market, in %, 2024fShare of Consumers Agreeing With the Following Statements Related to Security of Online Payments, in %, April 2023Noted Annual Increase in Payment Fraud Growth Over Real-Time Payment Rails, by Fraud Type, in % of Financial Institutions, 2022Share of Financial Institutions That Plan to Make Major Changes to Enhance Their RTP Fraud Controls Over the Next 1-2 Years, March 2023

4. Europe

4.1. Regional
. Share of Card Fraud That Involves Cross-Border Transactions, in %, 2023e
. Breakdown of Digital Wallet Attributes That Respondents Value the Most, in % of Respondents, September 2022
. Top Concerns When It Comes to Embedded Financial Services and Products, in % of Respondents, April 2023

4.2. UK
4.3. Germany
4.4. Switzerland

5. North America

5.1. USA

Total Card-Not-Present (CNP) Fraud Loss, in USD billion, in % of Total Payment Fraud Loss, 2019-2024fShare of Adults Who Have Fallen Victim to Account Takeover (ATO) Attacks, in %, 2023eP2P Fraud Loss Value, in USD billion, 2021 & 2022Share of Banking Customers Who Say That They Have Been Victimized by a P2P Payment Scam in the Last 12 Months, in %, May 2023Breakdown of Banking Customer Satisfaction With Their Bank’s Response to P2P Fraud Claims, in %, May 2023Share of Imposter Scams Making Up Total Reported Scams to the Federal Trade Commission, in %, Q3 2023Breakdown of Main Reasons Among Respondents For Not Using Mobile Payment Solutions More Often, in % of Respondents, July 2023Breakdown of When SMEs Expect to Be Able to Offer Payments Verified With Biometric Authentication, in %, October 2022

5.2. Canada

Reasons for Using Prepaid Cards For Making Online Payments, in % of Respondents, April 2023

6. Latin America

6.1. Regional

Fraud Detection and Prevention Market, incl. “Online Payment Fraud“, in USD billion, 2024f & 2028fBreakdown of Reasons Why Businesses Do Not Use Technology to Combat Fraud, incl. “Online Payment Fraud” in %, 2023e

7. Asia-Pacific

7.1. Regional

Overview of Fraud in Online Payments, February 2024Use of Online Shopping Channels For Frauds, by Country, in %, November 2023

7.2. Australia

Payment Card Fraud Value, in AUD million, FY 2022 & FY 2023Domestic Card-Not-Present (CNP) Fraud Value, in AUD million, FY 2022 & FY 2023Overseas/Via Overseas Merchant Card-Not-Present (CNP) Fraud Value, in AUD million, FY 2022 & FY 2023

8. Middle East and Africa

8.1. Regional

Total Fraud Loss Value, incl. “Online Payment Fraud“, in USD billion, 2023e & 2028fShare of Fraudulent Verification Attempts in Payment Industry, in %, February 2023 & August 2023

For more information about this report visit https://www.researchandmarkets.com/r/91ltzf

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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Florida Physician Specialists Data Breach: Edelson Lechtzin LLP Launches Investigation into Exposure of Personal Information

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3 hours ago

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May 3, 2026

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National class action firm offering free case evaluations to individuals impacted by the Florida Physician Specialists cybersecurity incident

JACKSONVILLE, Fla., May 3, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from the Florida Physician Specialists data breach. Florida Physician Specialists learned of the cybersecurity incident between November 27 and 29, 2025.

What Happened

Florida Physician Specialists discovered that its network was hacked between November 27 and 29, 2025. An investigation launched in late November 2025 confirmed that an unauthorized third party accessed its network. The review of the exposed data was completed on April 6, 2026.

Information Exposed

Affected personal data includes full names and one or more of the following: Social Security numbers, driver’s license numbers or state identification numbers, other government identification numbers, financial account information, credit or debit card information, medical information, and/or health insurance policy information.

Who May Be Impacted

Individuals who received a data breach notification from Florida Physician Specialists may face an increased risk of identity theft and fraud.

Your Legal Options

Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies on behalf of individuals whose sensitive personal data may have been compromised in the Florida Physician Specialists breach. The firm will evaluate your rights and potential claims at no cost.

Recommended Protective Steps

Review account statements and credit reports regularly and remain vigilant for suspicious activity. Confirm whether your information was involved in the Florida Physician Specialists incident and preserve any letters or emails you received about the breach. Consider placing fraud alerts and credit monitoring.

Contact Us for a Free Case Evaluation

Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492 ext. 2; Email: medelson@edelson-law.com; Web: www.edelson-law.com. Or click HERE to request a free consultation.

About Florida Physician Specialists

Based in Jacksonville, Florida, Florida Physician Specialists is a multi-specialty private physician practice serving patients in Northeast Florida.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud

Media and Partnership Inquiries: Use the contact information above to connect with our team regarding interviews, co-counsel opportunities, and referral partnerships.

Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/florida-physician-specialists-data-breach-edelson-lechtzin-llp-launches-investigation-into-exposure-of-personal-information-302760742.html

SOURCE Edelson Lechtzin LLP

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Sandhills Medical Foundation, Inc., d/b/a Sandhills Medical Data Breach: Edelson Lechtzin LLP Launches Investigation into Exposure of Personal Information

Published

3 hours ago

on

May 3, 2026

By

National class action firm offering free case evaluations to individuals impacted by the Sandhills Medical cybersecurity incident

MCBEE, S.C., May 3, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from the Sandhills Medical data breach. Sandhills Medical learned of the cybersecurity incident between November 27 and 29, 2025.

What Happened

On May 8, 2025, Sandhills Medical discovered it had been the victim of a ransomware attack. Sandhills Medical began an investigation with the help of cybersecurity experts and a forensic firm. That investigation determined an unauthorized third party accessed Sandhills Medical’s server directly and obtained personal information for select patients.

Information Exposed

Affected personal data includes names, personal health information, and birth dates. This data breach has affected an estimated 169,017 people.

Who May Be Impacted

Individuals who received a data breach notification from Sandhills Medical may face an increased risk of identity theft and fraud.

Your Legal Options

Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies on behalf of individuals whose sensitive personal data may have been compromised in the Sandhills Medical breach. The firm will evaluate your rights and potential claims at no cost.

Recommended Protective Steps

Review account statements and credit reports regularly and remain vigilant for suspicious activity. Confirm whether your information was involved in the Sandhills Medical incident and preserve any letters or emails you received about the breach. Consider placing fraud alerts and credit monitoring.

Contact Us for a Free Case Evaluation

Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492 ext. 2; Email: medelson@edelson-law.com; Web: www.edelson-law.com. Or click HERE to request a free consultation.

About Sandhills Medical

Based in McBee, South Carolina, Sandhills Medical operates as a Federally Qualified Community Health Center (FQHC) that provides community-based primary health care services.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud

Media and Partnership Inquiries: Use the contact information above to connect with our team regarding interviews, co-counsel opportunities, and referral partnerships.

Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sandhills-medical-foundation-inc-dba-sandhills-medical-data-breach-edelson-lechtzin-llp-launches-investigation-into-exposure-of-personal-information-302760743.html

SOURCE Edelson Lechtzin LLP

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Technology

Danish Publisher Automates Digital Textbook Delivery with Integrated WooCommerce-Webdoxx Solution

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8 hours ago

on

May 3, 2026

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Danish educational publisher eliminates manual processing errors and delivers instant access to more than 20 digital learning products

LONDON, May 3, 2026 /PRNewswire-PRWeb/ — Forlaget 94, a Danish educational publisher serving commercial colleges and vocational schools since 1994, has transformed its digital textbook distribution by implementing a fully automated WooCommerce-Webdoxx solution.

“Using the Webdoxx-WooCommerce integration we have achieved full automation of order processing, fewer errors, and happier customers,” Tom Gertsen, IT Manager at Forlaget 94

Previously, Forlaget 94 relied on manual processes to distribute digital textbooks to customers. As demand for online educational materials grew, the publisher required a faster, more reliable way to manage orders, provision access, and reduce the risk of administrative errors.

Through its integration of WooCommerce with Webdoxx, Forlaget 94 now runs more than 20 educational products through a 100% automated workflow. The solution automatically processes customer orders and provides instant access to purchased digital textbooks, improving the experience for both customers and internal teams.

“The result is full automation of order processing, fewer errors, and happier customers,” said Tom Gertsen, IT Manager at Forlaget 94 and architect behind the WooCommerce-Webdoxx integration. The automated system has enabled Forlaget 94 to eliminate manual errors, accelerate customer processing, and increase customer satisfaction through immediate access provisioning. The implementation demonstrates how educational publishers can modernize digital content delivery while maintaining secure, managed access to learning materials.

Webdoxx, a service created and managed by Drumlin Security Ltd, provides online DRM and managed document delivery services for publishers, educational organizations, institutions, and commercial content providers.

About Forlaget 94

Forlaget 94 is a Danish educational publisher established in 1994, providing educational products for commercial colleges and vocational schools.

About Webdoxx

Webdoxx is an online DRM and managed document delivery service created and managed by Drumlin Security Ltd. The platform supports secure access to digital publications and documents across a range of sectors, including education, healthcare, government, finance, and publishing.

Media Contact

Mike de Smith, Drumlin Security Ltd, 44 7768404712, info@drumlinsecurity.com, https://www.drumlinsecurity.com/

View original content to download multimedia:https://www.prweb.com/releases/danish-publisher-automates-digital-textbook-delivery-with-integrated-woocommerce-webdoxx-solution-302759942.html

SOURCE Forlaget 94

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