Belgian victims of payment fraud lose an average of 219 euros


Greater than half (53%) of outlets are already taking efficient measures to guard their on-line retailer.

In Belgium, nearly one in 5 (18%) shoppers has already fallen sufferer to fee fraud, a type of rip-off through which monetary info is stolen and used to make unauthorized purchases. Belgian victims lose a median of 219 euros. That is evident from the analysis outcomes of the annual Retail Report of the monetary expertise platform Adyen, through which 1,000 shoppers and 510 retailers have been questioned in regards to the on-line security of the Belgian shopper.

Efficient measures

The Belgian likes to make use of the web for his purchases. For instance, multiple shopper in 4 (28%) signifies that on-line procuring is less complicated to search out than the bodily retailer. Sadly, the numerous scams trigger a dent in confidence. Greater than half of buyers (58%) imagine that on-line procuring has grow to be much less engaging as a consequence of huge fraud.

Not solely buyers undergo from on-line fraud. The retailers themselves are additionally confronted with scams every day. At least one retailer in three (36%) has skilled a cyber assault or knowledge breach up to now 12 months. As well as, multiple in three Belgian merchants (35%) point out that they’ve already found duplicate web sites of their very own webshop.

This elevated fraud is forcing retailers to take motion. Luckily, half (53%) of them point out that they’ve taken efficient measures to guard the net retailer, together with, for instance, using AI, sturdy authentication and PSD2.

Warning is suggested

Anybody who likes to buy on-line is aware of that fraudsters are lurking across the nook. Luckily, many Belgians are more and more conscious that warning is suggested when buying on-line. 4 out of ten Belgian shoppers (40%), for instance, look additional rigorously on the URL of a webshop earlier than making a purchase order.

The Belgian shopper additionally expects the webshop to take the mandatory measures to ensure its security. For instance, nearly seven in ten shoppers (69%) need merchants to speak higher in regards to the steps taken. Does the web site really feel old style? Then, in a single in three circumstances (32%), the Belgian instantly begins strolling.

“Belgian shoppers anticipate 100% security from their retailers. They’re even keen to go the additional mile so long as it contributes to a safer on-line expertise. For instance, one shopper in three (33%) says they recognize it when a retailer asks them to confirm their identification earlier than buying. Retailers should due to this fact proceed to spend money on one of the best and most secure expertise. Selecting one of the best accomplice is essential. He helps you with the suitable instruments, comparable to sturdy authentication and AI, to at all times keep one step forward of fraudsters ”say Julien Marlier, Nation Supervisor Adyen Belgium.


This text is a press launch and isn’t the accountability of the editors.