(Direct Newsline)—E-commerce merchants are projected to lose a record $4 billion to fraud this year, up from $3.7 billion in 2007, according to CyberSource Corp.

Online consumer fraud is growing in tandem with online sales. However, the percent of sales lost to fraud has remained fairly stable at about 1.4%.

E-commerce merchants are projected to lose a record $4 billion to fraud this year, up from $3.7 billion in 2007, according to CyberSource Corp.

Online consumer fraud is growing in tandem with online sales. However, the percent of sales lost to fraud has remained fairly stable at about 1.4%.

Statistics indicate there has been some improvement in fraud detection. Merchants have been rejecting fewer suspicious orders, while the percentage of online revenues lost to fraud hasn