Sift released its Q4 2020 Digital Trust & Safety Index: Holiday Fraud and the Shifting State of E-commerce, which revealed that fraudsters are executing larger and more targeted attacks this holiday season. Derived from Sift’s global network of over 34,000 sites and apps, the Index found the average attempted fraudulent purchase value rose to over $700 from October through November 2020, a 70% year-over-year increase during the same period in 2019.
Digital Shadows released research on the most popular items for sale on the dark web this holiday season – this one is shaping up to be different than any before with many consumers turning to online shopping instead of brick and mortar.
Cyberpion released research today showing that most (83%) of the top U.S. retailers have connections to a vulnerable third-party asset, and nearly half of them (43%) have vulnerabilities that pose an immediate cybersecurity risk.
With more Americans expected to do their holiday shopping online during the COVID-19 pandemic, US agencies and cybersecurity leaders are urging all consumers to be on alert for holiday shopping scams and cyber threats, which historically spike during the holiday season. Here, we talk to Michael Rezek, Vice President of Business Development and Cybersecurity Strategy at Accedian, about the technologies retailers need to adopt to ensure a smooth holiday shopping season, how to see the warning signs for bad actors, how to proactively manage them and what to do to prevent them in the first place.
Both organizations and consumers are evolving, becoming more digital, and requiring features that align with the current environment. As businesses are transforming digitally, consumers are surrounded by a plethora of applications and are using apps more than ever in daily life. Unfortunately, companies and individuals are at greater risk than ever because applications are among the top targets for threat actors.
TransUnion released new findings around online retail trends during the start of the 2020 global holiday shopping season. The research shows a 1% decrease in suspected online retail fraud worldwide during the start of the 2020 holiday shopping season compared to the same period in 2019, a 59% increase from the same period in 2018 and a 14% increase from all of 2020 so far. The findings are based on the same-store sales analysis of TransUnion’s e-commerce customers during the traditional start of the global holiday shopping season, Thanksgiving to Cyber Monday.
Generali Global Assistance released the findings of its fourth annual Holiday Shopping ID Theft survey. The survey examines consumer sentiment on retail data breaches and the identity theft risks holiday shopping poses.
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.