Miami Tops New York City For E-Commerce Risk - InformationWeek
IoT
IoT
News
News
1/28/2008
04:27 PM
Connect Directly
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%
RELATED EVENTS
The Real Impact of a Data Security Breach
Aug 02, 2017
In this webcast, experts discuss the real losses associated with a breach, both in the data center ...Read More>>

Miami Tops New York City For E-Commerce Risk

After Miami, survey respondents cited New York; Los Angeles; Chicago; Detroit; Atlanta; Washington, D.C.; and San Francisco.

Miami has overtaken New York as the U.S. city with the highest perceived risk of online fraud, according to a study released Monday. Nigeria, meanwhile, continues to be seen as the riskiest source for e-commerce transactions worldwide.

The study was commissioned by CyberSource, a company that sells fraud-protection products and services, and was conducted by Mindwave Research. It took place between Sept. 13 and Oct. 1, and involved some 318 e-commerce merchants from the United States and Canada.

Survey respondents were asked, "Over the past 12 months, what single major U.S. or Canadian city presented the highest risk of online fraud ?" and "Which single country outside of the U.S. and Canada poses the highest risk of online fraud?"

In 2007, Miami led the list of U.S. cities, cited by 10% of respondents, up from 7% in 2006. New York City dropped to 8%, from 9% in 2006, and Los Angeles dropped to 3%, down from 6% in 2006. Chicago; Detroit; Atlanta; Washington, D.C.; and San Francisco were runners-up.

On a statewide level, online orders from New York are considered risky by 20% of respondents, compared with 12% who identified Florida and 6% who identified California in 2007. In 2006, New York was cited as risky by 23% of respondents, while Florida and California were recognized by 9% of survey takers that year.

In terms of offline larceny, as measured by the FBI's crime statistics, the theft rates in 2006 were highest in St. Louis; Corpus Christi, Texas; and Memphis, Tenn.

Among countries believed to be a likely source of online fraud, Nigeria was cited by 27% of respondents, more than three times the next most frequently identified country, the United Kingdom (8%). Ghana, Indonesia, and China ranked third, fourth, and fifth worldwide in 2007, with scores of 7%, 6%, and 5%, respectively.

In 2006, Russia held second place (9%) behind Nigeria (31%). Its absence this year, according to Doug Schwegman, director of customer and market intelligence at CyberSource, is the result of merchants simply giving up on shipping goods to Russia.

That particular approach to online fraud is, however, unlikely to scale well, at least for companies with an ongoing interest in e-commerce.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
IT Strategies to Conquer the Cloud
Chances are your organization is adopting cloud computing in one way or another -- or in multiple ways. Understanding the skills you need and how cloud affects IT operations and networking will help you adapt.
Video
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll