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Quarterly Financial Crime Report 2020

Quarterly Financial Crime Report

Q4 2020 Edition

Black Friday is Cancelled. Hello, Cyber Month COVID-19 effectively cancelled the annual retail ritual known as Black Friday this year. At the same time, Cyber Monday has morphed into Cyber Month with eCommerce activity already matching 2019 holiday season shopping levels earlier this year. Unfortunately, retailers aren’t the only ones benefiting from a rise in digital shoppers. Fraudsters are also finding new opportunities as the world rapidly shifted to online payments.

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Description

The impact of the pandemic on fraudulent activity and consumer retail habits are outlined in the new Feedzai’s Quarterly Financial Crime Report (Q4 2020 edition) based on exclusive data from over 4 billion global transactions across all major industries between March and September 2020.

Notable findings included in the report:

  • Card not present (CNP) transactions rose 30% in Q4 2020.
  • Sporting good sales increased 13% in May 2020 compared to December 2019 activity.
  • Transactions processed from June-Sept. 2020 are 30% greater compared to Sept. 2019.

Additional information

Language

English

Pages

15

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