Criminals target high-end items on Cyber Monday
Fraud prevention experts say e-retailers need to be vigilant this holiday shopping season to prevent fraud.
Cyber criminals are likely going to be setting their sights on such higher-end items as Rolex watches and MacBook Air computers on the Monday after Thanksgiving, commonly known as Cyber Monday, as well as digital gift cards.
That’s according to a just-released report from online fraud technology provider Forter, which analyzed 2.8 million online transactions that it processed across several verticals over a six-month span. Forter looked at fraudulent purchase attempts its software was able to prevent and at fraud that slipped through in the following categories: luxury items, electronics, digital goods (gift cards, World of Warcraft gold), business services (hosting services, remote hosting), legitimacy boosting (SEO, phone-verified accounts), and food and fun.