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January 1, 2015

Return Fraud during holidays exceed $10.9billion

The Online retail industry will lose an estimated $10.9 billion due to fraud returns by consumers . This is an 10% increase m an estimated $9.1 billion last year.

 Additionally, of those surveyed, retailers estimate $3.6 billion will be lost to return fraud this holiday season alone, similar to last year’s $3.4 billion. Overall, retailers polled estimate 5.5% percent of holiday returns are fraudulent, similar to last year’s 5.8 %
Holiday Season's Fradulent Retrun Gifts