Kount Blog | food & beverage
Blog Against Fraud

6 Fraud Trends Spoiling Food & Beverage eCommerce

Posted on Wednesday, October 11, 2017

Although online food and beverage businesses have traditionally been perceived as less of a target for fraudsters, fraud losses are still substantial:

  • $765 million in fraud losses in the food and beverage industry—3.4% of total $22 billion in card-not-present (CNP) fraud losses
  • Fraud losses are equivalent to 1.5% of total food and beverage industry revenues
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Topics: eCommerce, fraud, food & beverage, fraud trends, QSRs

eGift Cards: Tasty Revenue for Online Food & Beverage Businesses, Easy Cash for Fraudsters

Posted on Tuesday, October 3, 2017

Sales for online food & beverage businesses continue their strong growth, but a trend that’s really pushing online sales is the surge of brick-and-mortars—including restaurants, grocery retailers, QSRs (quick service restaurants), and other traditional food & beverage outlets—hungry to make a name for themselves in the eCommerce channel.

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Topics: fraudsters, egift cards, food & beverage

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