UK retailers facing one million fraud attempts per day
The UK’s retailers have been warned to brace themselves for a barrage of fraud attempts this busy festive shopping season, with estimates claiming they’ll be hit by one million attacks each day.
Fraud prevention firm ThreatMetrix made the call based on data collected by its Digital Identity Network – which checks over 20 billion annual transactions supporting 30,000 websites and 4000 customers globally.
It’s predicted that fraudsters will use the run up to Christmas – which now starts during the Black Friday shopping period following American Thanksgiving Day – to sneak through defenses.
Some 50 million global online fraud attacks are expected over the Black Friday and Cyber Monday shopping week.