From the past to the future: The evolution of fraud (Infographic)

Fraud causes material and monetary loss, and it also inflicts emotional distress on its victims.

The earliest recorded fraud case occurred in 300 B.C., and fraud tactics have become increasingly sophisticated since then.

Many cases of fraud are now enabled by tech tools and perpetuated online. Ecommerce has become part of everyday life with a lot of money in and around it, and the industry is a favorite target of fraudsters. Fortunately, countermeasures against fraud have evolved too, and anti-fraud professionals work tirelessly to stay ahead of the game.

Here’s a look at how fraud has evolved throughout history and the possible outcomes of ongoing efforts to fight it.

Infographic and illustrations by Susi Susanti, Tech in Asia

Find out more about fraud in Asia Pacific by reading CyberSource’s 2019 Global eCommerce Fraud Management Report (Asia Pacific Edition), which takes an in-depth look at trends and insights from the region’s ecommerce industry.