Black Friday is not only a day when people go on a shopping spree
It is also a day when cyber criminals go on a fraud spree
Even though many people go to the stores during Black Friday, a significant proportion of the shopping has migrated to online retail. This result in substantial fraud challenges both for the e-commerce sector, financial industry and their customers.
What are the fraudsters after?
Card information is hot prey
The fraudster aims to obtain the information visible on the card (card number, date and CVC code) which can be used for remote purchases. The details can be obtained in various ways, e.g. via fraudulent e-mails and phone calls, malware or bought online on black markets.