Monday, 26 November is one of the most awaited Online Shopping Days of the Year and it’s just around the corner. It is the time that everyone waits and while you free your purse strings for buying your favorite gadget, tool, and various products available at mega discounted prices.
While eCommerce and mobile payment volumes hit record levels on Cyber Monday, the fraudsters were seizing the opportunity to take advantage of any vulnerability. Fraudsters know that online retailers are especially busy this time of year and increase their attacks accordingly. This includes increased fraud attempts from mobile devices and higher average order values for fraudulent purchase attempts.
Cyber Monday 2017 – A Glance
Thanksgiving, Black Friday and Cyber Monday together give shoppers a five day non-stop shopping fiesta. Shoppers had spent $3.36 billion on Cyber Monday in 2017, up from $2.67 billion in 2016 a 26% growth in a year.
2017Cyber Monday spending: Persistent Facts
Are You Prepared for This Year’s Cyber Monday Rush?
Customers are all set to go online and shop through digital channels to avail attractive discounts and offers. A higher inflow of online payments using e-commerce marketplace will pose incremental fraud risks to businesses and require proactive preparation for safer and reliable digital payment accepting solutions.
2018 Cyber Monday – A Year of Swelling Sales