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Security lessons from 2021 holiday shopping fraud schemes

December 21, 2021

The holiday shopping season sees vast numbers of people flock online to take advantage of mass sales, most notably during the Black Friday and Cyber Monday period of late November. Cybercriminals are known to significantly expand their efforts to exploit bargain-seeking shoppers during this time in the lead up to Christmas, and 2021 has been no exception.

Research from TransUnion discovered that almost 18% of all global e-commerce transactions between Thanksgiving and Cyber Monday were potentially fraudulent, a 4% increase on the same period last year. Here are four examples of how fraudsters targeted the 2021 holiday shopping season with scams and attacks, along with insight into how retailers can prevent and defend against such activity moving forward.

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