By blocking 13 million frauds, losses of R$ 6.8 billion were avoided

Around BRL 6.8 billion in losses were avoided in online purchases and digital payments between January and August 2022, according to the Fraud List, Konduto, the anti-fraud vertical in Boa Vista.

The data was published this Wednesday (19), and the number represents almost 13 million fraud attempts in Brazilian e-commerce during that period.

According to the research, the number of analyzed purchase orders increased by 71% compared to the same period last year. The number of “fake”, fraudulent and prohibited purchase attempts was proportionally 4.5 times higher than that recorded in the first eight months of 2021.

February also saw the highest financial volume accumulated in avoided fraud attempts, representing 25.09% of the total avoided losses in the first four months of 2022.

In addition, the research shows that February stands out as the month with the highest number of “fake” purchase attempts, even though it is a shorter month, with only 28 days.

In addition to a lower number of sales and a higher number of fraud attempts, the second month of the year also had the highest share of “fake” purchases in relation to the total number of analyzed orders.

In that period, 6.2% of online purchase requests were actually fraudulent attempts, compared to 5.3% on average for the four-month period.

For the List, an attempted purchase using third-party data is considered fraudulent – ​​or fraudulent.

Pay attention to weekdays

The study found that 78% of fraud attempts analyzed and avoided by the service occurred on a weekday. Between Saturday and Sunday (representing 28.6% of the total number of days in the week) only 22% of attempts were recorded.

“It is interesting for the fraudster that his procedure goes unnoticed by the security systems. Shopping on weekdays, when there is more movement, is an attempt to camouflage. The more similar the fraudster’s behavior is to that of the average customer, the more difficult it is to identify the fraud,” explains Boa Vista Anti-Fraud Director Tom Canabarro.

The time period between 18:00 and 23:00 is responsible for 34.84% of analyzed purchases and 32.64% of blocked fraud attempts. The research points out that the period from 12:00 to 17:00 recorded the highest share in the total number of frauds avoided (38.08%) and was the champion in the amount of purchases (35.3%).

Finally, Konduto avoided the largest financial volume of losses by blocking “fake” purchases between 12:00 and 17:00, with 44% of the total number. In that time interval, 38% of the total number of fraud attempts occurred.

According to the results, consumers should be aware of commemorative dates, since, for example, in the five days before Father’s Day 2022, the platform avoided fraud in the amount of BRL 1.5 billion, an amount 85% higher than in the same period last year.

Rio de Janeiro

Looking by region, in the first eight months of this year, São Paulo and Minas Gerais had a smaller share in the total number of fraud attempts in that period (29.2% and 11.12%) than in the total number of online orders (32.5% and 15%).

Rio de Janeiro, on the other hand, participates much more in the total attempts of “fake” purchases (21.5%) than in orders (10.1%), which makes the state proportionally the first in fraud attempts. While Minas Gerais recorded 11%.

Bahia and Ceará, which increased in the number of sales, recorded 5.3% and 2.9% of fraud attempts, respectively, followed by Paraná (6.2%) and Rio Grande do Sul (5.8%).

main targets

The study shows that mobile devices are the main targets of fraudsters. During the analyzed period, 73% of analyzed fraud attempts originate from transactions made on mobile devices – 50.0% of them via Chrome Mobile and 19.31% via Mobile Safari.

In the same way, the volume of purchases via mobile phones in relation to the total reached 69.9% of transactions.

When it comes to the financial volume of “fake” purchase attempts, there is still a significant share of personal computers and laptops (32%), although mobile fraudsters also dominate (68%).

What may indicate an attempt to fraudulently purchase goods and services of higher value is more difficult (or less easy) to attempt via mobile phone.

With data from CNN

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