Uncover the Impact of Online Fraud on Retailers

  • Online fraud surges due to scraper bots causing significant problems for retailers
  • Scraping, loyalty and payment card fraud increased by 700% in the second half of 2023
  • Not all scraper bots are malicious, but those that are cost retailers $48bn globally annually
  • Bots impact website performance, leading to slower load times and potential site outages

Scraper bots are causing major issues for online retailers, with fraud costs reaching $48bn globally. Our latest report, Protecting Brand and Revenue in partnership with Akamai, explores solutions to combat these threats. These bots can lead to financial damage, slower website performance, and customer loss. Learn how to protect your business.

Factuality Level: 6
Factuality Justification: The article provides relevant information about the issue of scraper bots and their impact on retailers, including statistics and consequences. However, it contains some promotional language for Retail Gazette’s report and a mention of Frasers Group that may be seen as irrelevant to the main topic.
Noise Level: 6
Noise Justification: The article contains some relevant information about the issue of scraper bots and their impact on retailers but heavily promotes a specific report without providing much analysis or new insights. It also includes a promotional message for Retail Gazette’s newsletter and Frasers Group.
Financial Relevance: Yes
Financial Markets Impacted: Online retailers and ecommerce industry
Financial Rating Justification: The article discusses the impact of scraper bots on online retailers, leading to financial damage and website performance issues. It mentions a 700% surge in fraud and a total cost of ecommerce fraud globally exceeding $48bn (£37.3bn). This directly affects the financial health of retail businesses and their market position.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article, but it discusses the issue of online fraud caused by scraper bots and its impact on retailers.

Reported publicly: www.retailgazette.co.uk