A staggering $476 million has been lost to fraud by Australian merchants over the last 12 months, thanks to the deployment  of “card not present” (CNP) fraud on eCommerce channels. This includes methods like identity theft, account takeover data breaches and bust-out scams. CNP fraud can have a huge impact on a business, putting their profit margins and long-term reputation on the line.

https://securitybrief.com.au/story/how-can-australian-merchants-turn-the-tide-on-cnp-fraud