Black Friday and Cyber Monday are the two biggest shopping days of the year for bargain hunters. They promise us huge discounts and promotions, but in addition to the delightful chaos in online stores, these days have become a veritable goldmine for cybercriminals.
Last year, consumer spending on Black Friday reached $9.12 billion and on Cyber Monday $11.3 billion, according to Adobe Analytics. And this year, sales are only expected to increase. But the sheer number of purchases and transactions also attracts the attention of cybercriminals.
Experts point out that these days, cybercriminals find it much easier to hide behind the heavy advertising campaigns of real brands. Their scams are usually disguised as attractive promotions and special offers.
One of the most common methods of attack is phishing. Phishing emails, texts or phone calls can be sent to customers disguised as promotional messages about fancy sales. The goal of these attacks is to infect the device with malware or steal personal and financial information.
And while fraudsters are primarily targeting consumers, it would be unwise for businesses to let their guard down.
"Criminals are most likely to target employees with shopping scams and use them as a way to infiltrate corporate networks, so it's important for organisations to educate their employees about hacking techniques in the run-up to Black Friday and Cyber Monday."
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