Every Real Lost to Fraud in Brazil Costs Firms R$3.59 According to LexisNexis True Cost of Fraud Study

Fraud has increased for 59% of Brazilian organizations year-on-year. In LATAM, digital channels account for more fraud losses than physical channels. Four in five Brazilian organizations say fraud is affecting their customer conversion rates. In Brazil, 59% of companies reported an increase in fraud in the 12 months prior to the survey, while organizations incur an average cost of R$3.59 ($3.01 for retailers and $4.49 for financial institutions) for every real lost to fraud. These costs encompass financial ...