Secure your business from login to chargeback
Stop fraud, break down data silos, and lower friction with Sift.
- Achieve up to 285% ROI
- Increase user acceptance rates up to 99%
- Drop time spent on manual review up to 80%
Fraud attacks in one industry impact every industry.
The Fraud Economy is an interconnected web of fraud and abuse vectors that influence and impact one another. Explore data insights from the Sift global network of 70 billion events per month, representing over 34,000 sites and apps across multiple industries, and learn how cybercriminals leverage the Fraud Economy to target businesses and consumers around the globe.
See Sift’s latest global fraud data
Rising disputes and rising costs
↗35%
Increase in dispute rates across the Sift network in Q3 2022 vs. Q1 2022
↗$192.53
Average disputed amount increased 16% from 2021-2022
Impacted Industries:
Verticals with the highest number of disputes from January–September 2022.
Digital Goods & Services
Retail
Fintech
23%
of consumers who have requested a chargeback admit to participating in first-party fraud, sometimes known as “friendly fraud.”
Fraud’s impact on customer loyalty
Percent of consumers who would abandon a brand due to fraud
74% due to payment fraud
Data represents responses to multiple surveys of U.S. adults conducted by Sift between 2020-2022.
74% due to payment fraud
43% due to account fraud/ATO
68% due to fake or misleading content
83% due to a fraud dispute
Brittany Allen, Trust and Safety Architect at Sift
“Rising disputes amid an economic downturn pose a serious threat to any business’s bottom line. Merchants not only need a proactive fraud strategy to protect and recover revenue that would be lost to chargebacks, but they also need to evaluate their end-to-end dispute management process.”
Fraud schemes exposed
Explore the latest scams and fraud tactics uncovered by Sift’s Trust and Safety Architects.
Q4 2022 Digital Trust & Safety Index
Discover the latest fraud trends and prepare for coordinated attacks from fraud rings with the new insights and data from the Sift global network of 34,000+ sites and apps.
Gartner 2022 Market Guide
Fraud is evolving—your technology should too. Get key insights and recommendations for navigating the online fraud detection marketplace from Gartner.
