Scammers are Targeting Black Friday and Cyber Monday Shoppers

As Black Friday and Cyber Monday (BFCM) approach, hackers are plotting new tricks to spoil the party of shoppers.

Last year, US shoppers spent USD 10.90 billion on Cyber Monday and another USD 9.03 billion on Black Friday. At the same time, merchants also hope to cash in on any additional traffic that BFCM brings to their ecommerce sites.

But, while more traffic often brings more opportunities, it also directs to increased rates of online fraud. According to the UK’s National Cyber Security Centre (NCSC), victims of online shopping frauds lost an average of ($1,176) each during the holiday shopping period last year – and the figure is rising.

Sophisticated Technique

To understand the patterns of cyber fraud, threat analysts at Bitdefender Antispam Lab have examined the fraudulent activities associated with Black Friday and Cyber Monday. […]
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This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents