Holiday sales during the November to January timeframe are expected to touch $1.3 trillion, with Cyber Monday set to attain the crown for being the largest online spending day of the year. However, according to Kaspersky, online payment fraud surged by 208% between September and October 2021, indicating a significant spike in cybercriminals’ activities ahead of the holiday shopping season. In this article, we bring you some expert security tips on making the most of Cyber Monday without falling victim to scams.
2021’s most-awaited shopping season is finally upon us. Despite the financial setbacks the pandemic inflicted on businesses and individuals over the past 18 months, we’re seeing no signs of a slump when it comes to U.S. consumers bringing out their wallets to grab the best deals and discounts of the year. Indeed, the National Retail Foundation expects holiday sales to touch $859 billion this year, growing by up to 10.5% over the 2020 figure. Online and non-store sales are expected to perform even better, rising by up to 15% year-over-year to touch $226.2 billion.
“There is considerable momentum heading into the holiday shopping season….
