Last year, one in four people fell victim to fraud during the holiday season. And according to Signifyd’s latest Fraud Pressure Index, which charts the percentage of high-risk transactions over the company’s commerce network, fraud is hitting an all-time high. Fraud peaks during the year-end holidays. Scammers know that consumers, rushing around and looking for bargains, are prone to let their guards down a bit more than usual this time of year. To prepare for this spike in fraud, businesses – especially those in the retail space – should look to increase their own security measures. Investing in robust data protection and being clear about security protocols will give customers peace of mind that their personal data is secure, keeping their wallets safe this holiday season.
Five scams you’ll likely see:
- Fake delivery notifications
- Fake shopping sites and sellers
- Fake gift cards and vouchers
- Fake charities
- Fake travel offers