Definition The share of transactions identified as fraudulent.
Example 30 fraudulent payments out of 60,000 gives a fraud rate of 0.05%.
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Why it matters Rising fraud directly costs money and customer trust.
Where it is used Payments, banking and fraud monitoring dashboards.
How to calculate it Fraudulent transactions ÷ total transactions × 100
Worked example 30 fraudulent payments out of 60,000 gives a fraud rate of 0.05%.
