Now that the holiday shopping season is upon us, consumers will be on the lookout for the best deals on the hottest toys, electronics, clothing and more. While this season can bring good tidings and gifts, it also brings out crafty and sophisticated threats from malicious actors. These hackers leverage the increased interest and online activity to launch a myriad of holiday shopping scams.
Shoppers come out in force
Black Friday is still one of the most popular days for holiday shopping following Thanksgiving, but Cyber Monday also brings online shopping to all-time highs. According to numbers from the National Retail Federation, 174 million Americans shopped over the holiday weekend including Black Friday and Cyber Monday. Over half – 54 percent – planned to spend about the same on gifts as last year, and 24 percent planned to increase their gift budget this year.
What's more, consumers aren't just shopping during their personal down time. One study from CareerBuilder found that 53 percent of corporate employees shop for gifts while at work. This includes 43 percent who admit to spending more than an hour on these online shopping pursuits.
Click here to view the full article.