Fraud attempts will likely increase 14% during the 2018 peak holiday season between Thanksgiving Day and Cyber Monday, according to new benchmark data from ACI Worldwide.
The banking solutions provider revealed its projected increase in fraud attempts based on hundreds of millions of merchant transactions, including from some the world’s leading global retail brands.
Fraud attempts are likely to peak on Thanksgiving Day as transaction volume surges 23% compared to the same day last year, according to the projections. The volume of transactions on Thanksgiving Day is expected to surge 23% compared to Thanksgiving 2017, while fraud attempts are expected to hit a high 1.80% of transactions.
