U.S. Retailers Face USD191 Billion in Fraud Losses | HostExploit News

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U.S. Retailers Face USD191 Billion in Fraud Losses | HostExploit News: ”    WEDNESDAY NOV 11

U.S. Retailers Face USD191 Billion in Fraud Losses

Tuesday, 10 November 2009 13:07

Each Year U.S. merchants are incurring USD191 billion in fraud losses each year, according to a new report released today by LexisNexis® Risk Solutions. Among the findings, the 2009 LexisNexis® True Cost of Fraud Benchmark Study discovered that merchants must absorb nearly 10 times the identity fraud cost incurred by financial institutions. Retail merchants experience a massive $100 billion in losses solely attributed to identity f”

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