According to a 2022 study, credit card verification services are the most common fraud detection tool among online merchants worldwide, used by 55 percent employing this method. Identity validation and verification services rank second, with half of the world's e-merchants using it, followed by two-factor telephone authentication at 44 percent.
Most common fraud detection tools used by online merchants worldwide in 2022
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CyberSource. (March 29, 2023). Most common fraud detection tools used by online merchants worldwide in 2022 [Graph]. In Statista. Retrieved February 17, 2025, from https://www.statista.com/statistics/1296598/main-fraud-detection-tools-online-worldwide/?__sso_cookie_checker=failed
CyberSource. "Most common fraud detection tools used by online merchants worldwide in 2022." Chart. March 29, 2023. Statista. Accessed February 17, 2025. https://www.statista.com/statistics/1296598/main-fraud-detection-tools-online-worldwide/?__sso_cookie_checker=failed
CyberSource. (2023). Most common fraud detection tools used by online merchants worldwide in 2022. Statista. Statista Inc.. Accessed: February 17, 2025. https://www.statista.com/statistics/1296598/main-fraud-detection-tools-online-worldwide/?__sso_cookie_checker=failed
CyberSource. "Most Common Fraud Detection Tools Used by Online Merchants Worldwide in 2022." Statista, Statista Inc., 29 Mar 2023, https://www.statista.com/statistics/1296598/main-fraud-detection-tools-online-worldwide/?__sso_cookie_checker=failed
CyberSource, Most common fraud detection tools used by online merchants worldwide in 2022 Statista, https://www.statista.com/statistics/1296598/main-fraud-detection-tools-online-worldwide/?__sso_cookie_checker=failed (last visited February 17, 2025)
Most common fraud detection tools used by online merchants worldwide in 2022 [Graph], CyberSource, March 29, 2023. [Online]. Available: https://www.statista.com/statistics/1296598/main-fraud-detection-tools-online-worldwide/?__sso_cookie_checker=failed