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As The 2018 Holiday Shopping Season Approaches, So Too Do Criminals, Especially for Online Merchants

Digital Transactions

Merchants should expect even more consumers to shop online this holiday shopping season. They also should expect even more fraud attempts.

New research from Riskified, an Israel-based data-security provider, and cybersecurity firm IntSights finds that the number of false retailer Web sites meant to get consumers to give up their credentials increased 297% to 473 sites in the third quarter from 119 in the fourth quarter of 2017.

The danger to retailers is that when consumers visit these sites they may provide criminals with valid consumer data that can be used to shop on a legitimate merchant’s site. As of the third quarter, according to the report, “Retail & Ecommerce Threat Landscape Report October 2018,” an average of 23.6 new phishing sites per company are created per quarter.


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