BY ADAM BERNSTEIN
A new process for handling online card payments could soon stop customer purchases if traders don’t comply with the new rules. Adam Bernstein explains the change.
Online fraud is huge and according to Finextra Research, between 2017 and 2018, £4.1bn was stolen as a result of this type of theft. And to illustrate how personal the problem is, the firm quotes a survey commissioned by comparethemarket.com of 2,000 UK adults which showed that 22% of those surveyed were defrauded in the last year this way.