Black Friday and Cyber Monday mark the beginning of holiday shopping season – as well as holiday fraud season. With many consumers spending more than usual this time of year, cybercriminals will no doubt try to take advantage of them through scams such as phishing emails, quick money schemes and bogus gift cards.
The National Retail Federation revealed it expects online shopping to account for approximately 44% of all holiday shopping this year, with much of it occurring during Black Friday and Cyber Monday sales; it foresees some $3 billion will be spent on Cyber Monday alone.
"Black Friday and Cyber Monday are the busiest online shopping days and the bad guys are out to get rich with your money. And the holidays are just around the corner," Stu Sjouwerman, founder/CEO of the Clearwater, Fla.-based cybersecurity company KnowBe4, warned.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
