The study also claimed eRetail would be particularly susceptible to online deception, with the value of fraud in this sector increasing at twice that of banking and seven times that of airline ticketing.

The research highlighted two key areas for fraud within eRetail: Items bought online and picked up in the store, and electronic gift cards.

Meanwhile, the research claimed that although banks can counter online banking fraud by deploying new technologies such as 3D-Secure, which requires an additional step during the authentication process, and device fingerprinting, these measures often only provide only temporary relief as fraudsters rapidly discover new schemes.

Similarly, while extensive efforts made by the airline industry to deploy sophisticated fraud detection and prevention systems has reduced fraud significantly for some major airlines, the industry has also seen fraudsters shift their focus to other spots in their online systems that are perceived as weak.

“A few larger airlines claim that they have reduced eTicket sales fraud to less than 0.1% or 10 basis points of revenues,” report author Gareth Owen said. “When thwarted, however, fraudsters quickly move on to easier pickings such as frequent flyer fraud, for example.”