Online fraud attack rates have increased by 13% since the start of 2017, according to a new study from e-commerce fraud-prevention provider Forter. Digital goods—including gift cards, gaming and music—experienced the sharpest increase in online fraud in the wake of the Equifax breach, soaring 167% between the first quarter of 2017 and the same period a year later, Forter said. E-commerce sellers of electronics saw a 66% increase in online fraud over the same period, and online fraud in food and beverage also showed a sudden surge.
Ongoing data breaches—including Equifax—were a leading cause of the uptick in online fraud, according to Forter. Other contributing factors include criminals finding new approaches to fraud leveraging mobile devices, identity fraud from direct consumer theft and phishing. Forter derives its data from monitoring $50 billion in transactions annually from 130 million consumers in 188 countries.