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How can financial institutions prevent shopping season fraud?

November 28, 2019

Black Friday and Cyber Monday are two of the years’ busiest shopping days. For consumers and retailers alike, it marks the beginning of the winter holiday shopping season, as well as a time when organizations have to do their best to prevent shopping season fraud.

It’s also a busy time for hackers, who look to capitalize on seasonal spikes in transaction volume to try and evade fraud detection processes and con innocent customers out of pocket. In 2018, almost a quarter of UK consumers experienced attempts at fraud over the Black Friday and Cyber Monday weekend.

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