Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Business > ONLINE FRAUD ATTEMPTS IN EUROPE ARE EXPECTED TO RISE 11 PERCENT DURING THIS YEAR’S CHRISTMAS SHOPPING SEASON, SAYS ACI WORLDWIDE

ONLINE FRAUD ATTEMPTS IN EUROPE ARE EXPECTED TO RISE 11 PERCENT DURING THIS YEAR’S CHRISTMAS SHOPPING SEASON, SAYS ACI WORLDWIDE

Published by Gbaf News

Posted on November 29, 2016

4 min read

Last updated: January 22, 2026

Traders analyzing Ukraine's reduced grain and oilseeds crop forecast - Global Banking & Finance Review — This image depicts traders reviewing the latest forecast for Ukraine's 2022 grain and oilseeds crop, which has been cut due to the impact of the Russian invasion. Key commodities include wheat and corn.

Consumers and online retailers in the UK and Europe need to be on high alert as fraudsters are expected to be out in force as the busiest shopping season of the year gets underway. According to research by global payments company ACI Worldwide, eCommerce retailers in Europe can expect an 11 percent rise in fraudulent activity during the upcoming Christmas shopping season, compared to the same period last year. The predictions are based on an analysis of hundreds of millions of transactions from European online retailers.*

Key findings include:

Fraud attempt rates directed at European eCommerce retailers are expected to increase 11 percent by volume during this year’s Christmas shopping season – with sales to increase by nearly the same rate (12 percent) in 2016
The peak day for fraud attempts is likely to be Christmas Eve, with an expected near fraud rate of 2.5 percent
Cyber Monday is expected to be the day with the highest processing volumes of the year, followed closely by Black Friday
The average ticket price of an attempted fraud transaction is likely to decrease by 4 percent (£181 in 2016 vs. £188 in 2015)
The most popular products fraudsters will attempt to buy are likely to be cosmetics, designers sports shoes and clothes

Julia Roberts, Payments Risk Manager EMEA, ACI Worldwide:

“Our research shows that online fraud is increasing at a nearly equal rate to the general growth rate in eCommerce activity due to a continuing shift from in-store to online activity in the UK and Europe. And because fraudulent activity is now considered to be an everyday occurrence, consumers and merchants must take every precaution as we head into peak holiday shopping season.”

“The upcoming Christmas season provides major revenue opportunities for eCommerce retailers. However, with opportunity comes risk as fraudsters consider peak trading periods as an opportunity to more easily go undetected.

“A well planned and thought out fraud management strategy can increase revenue by as much as 20 percent, and we encourage retailers to make adjustments to their fraud monitoring and prevention strategy in order to provide customers with a seamless shopping experience during this busy season.”

Consumers and online retailers in the UK and Europe need to be on high alert as fraudsters are expected to be out in force as the busiest shopping season of the year gets underway. According to research by global payments company ACI Worldwide, eCommerce retailers in Europe can expect an 11 percent rise in fraudulent activity during the upcoming Christmas shopping season, compared to the same period last year. The predictions are based on an analysis of hundreds of millions of transactions from European online retailers.*

Key findings include:

Fraud attempt rates directed at European eCommerce retailers are expected to increase 11 percent by volume during this year’s Christmas shopping season – with sales to increase by nearly the same rate (12 percent) in 2016
The peak day for fraud attempts is likely to be Christmas Eve, with an expected near fraud rate of 2.5 percent
Cyber Monday is expected to be the day with the highest processing volumes of the year, followed closely by Black Friday
The average ticket price of an attempted fraud transaction is likely to decrease by 4 percent (£181 in 2016 vs. £188 in 2015)
The most popular products fraudsters will attempt to buy are likely to be cosmetics, designers sports shoes and clothes

Julia Roberts, Payments Risk Manager EMEA, ACI Worldwide:

“Our research shows that online fraud is increasing at a nearly equal rate to the general growth rate in eCommerce activity due to a continuing shift from in-store to online activity in the UK and Europe. And because fraudulent activity is now considered to be an everyday occurrence, consumers and merchants must take every precaution as we head into peak holiday shopping season.”

“The upcoming Christmas season provides major revenue opportunities for eCommerce retailers. However, with opportunity comes risk as fraudsters consider peak trading periods as an opportunity to more easily go undetected.

“A well planned and thought out fraud management strategy can increase revenue by as much as 20 percent, and we encourage retailers to make adjustments to their fraud monitoring and prevention strategy in order to provide customers with a seamless shopping experience during this busy season.”