Fraud-related costs accounted for 8% of retailers’ revenue in 2017, averaging $15.5 million per merchant;⁽¹⁾and with global card fraud projected to surpass $25 billion this year and $30 billion by 2020,⁽²⁾ current trends suggest those costs will continue to grow. CFOs are beginning to recognize the limitations of their existing fraud-prevention efforts—while 56% currently rely primarily on internal resources, 56% of CFOs also said they anticipate changes to their company’s anti-fraud strategy within the next two years.⁽³⁾ Chargebacks911, a leading dispute mitigation and loss prevention firm, examines the latest fraud statistics and explains why a growing number of CFOs see outsourcing as a better solution.

Blockchain is poised to change how people eat, reports Forbes. Currently, foodborne illness causes 10% of the population to get sick each year. Now, blockchain technology can help reduce that number.