14 DAY TRIAL // ThreatMetrix has released an infographic on the impact of cybercrime on e-commerce sales.
According to recent studies, as much as $3 billion (€2.3 billion) in e-commerce revenues is lost to cybercrime every year. The losses could increase in the future, especially since an all-time high of $1.2 trillion (€900 billion) in e-commerce sales is expected for this year.
To better understand these losses, ThreatMetrix has shown what we could buy with $3 billion (€2.3 billion) from the top five online retailers.
We could buy 5 million Kindles from Amazon, a yearly supply of Staples copy paper for 7.5 million office workers, 3 million iPhone 5s from Apple, 600 million colored pencils from Walmart, and 2 million QVC gemstone rings.
To prevent these losses, e-commerce websites are advised to implement cybercrime prevention measures, screen transactions for suspicious activity, and reject or add additional screening to suspicious transactions.
To see what consumers can do to protect themselves, check out the infographic.