Ecommerce booms, fraud as well. Online sales and purchases have increased significantly due to Covid-19, but so has the window of opportunity for fraud. The value of e-commerce losses due to online payment fraud has skyrocketed worldwide in the last two years. In 2022, nearly 41 billion USD went somewhere it shouldn't have gone, and in 2023, a staggering 48 billion USD has already been lost. To put this into perspective, in 2021, the losses were "only" 20 billion USD.