Black Friday and Cyber Monday in 2019 were lucrative targets for cybercriminals. Researchers recorded a 63 percent malware spike between November 25 to December 2.
Fraudulent transactions where a credit card is not physically presented to a merchant—increased significantly from Black Friday to Cyber Monday 2016 when compared to the same period in past years.
Mobile shopping is expected to increase dramatically this holiday season – mobile commerce spending on smartphones and tablets in the U.S. increased $5.8 billion in Q3, however, during the same period, mobile malware threats increased 26 percent, making consumers more than more vulnerable to mobile cyber attacks.
The holiday shopping season is fast approaching, and it’s prime time for cyber attackers who hope to catch enterprises at their weakest moments.
According to a new survey of 1,100 retail companies conducted by the Ponemon Institute and sponsored by RSA, daily revenue surges by an average of 55 percent during the holiday season. However, if a retail site is hacked or disabled, average losses could amount to as much as $500,000 per hour, or $8,000 per minute, according to a Dark Reading report.
It is hard to imagine any market sector today that is not impacted by the “Big Three” emerging technologies: Social Media, Mobility and Cloud Computing. The holiday shopping season saw “Cyber Monday” come out of nowhere to replace “Black Friday” as a traditional benchmark for consumer spending. New media and technology are being rapidly indoctrinated into our culture.
