EM – Online payment fraud increases by 208% during the Black Friday season

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The CYBERSECURITY company Kaspersky discovered more than 40 million phishing attacks against e-commerce and e-shopping platforms as well as banking institutions in the first 10 months of the year. While stores recovered after a difficult 18 months in 2021 and shoppers went offline shopping again, Kaspersky said its researchers failed to observe typical seasonal trends for phishing related to online shopping, such as the significant influx of phishing sites with too good ones to be real sales offers or the rise in retail fraud.

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However, it is said that there is one notable exception. In 2021, the total number of financial phishing attempts against e-payment systems more than doubled from 627,560 September to 1,935,905 in October, an increase of 208 percent due to their unmatched convenience. As consumer adoption skyrocketed, scammers began to actively use such systems as bait to spread malicious activity, ”the company said in its latest report, Black Friday 2021: How to Have a Scam-Free Shopping Day. Increase in spam letters detected by its security products. An active distribution of spam emails of 221,745 emails with the words “Black Friday” was seen during the month during the sales season from October 27th to November 19th. Kaspersky researchers also analyzed which popular platforms were used as bait for spreading phishing sites. The results showed that Amazon was consistently the most popular bait when you consider the total number of phishing attempts with its name. For much of 2021, eBay was the second most popular, followed by Alibaba and Mercado Libre. “We see increased fraud activity again and again during the Black Friday season. Perhaps a little more unexpected is the attention paid to e-payment systems. This time around, we’ve seen a huge 208 percent increase in a number of attacks that mimick the most popular payment systems. Of course, every new payment application is viewed by fraudsters as a new opportunity to potentially exploit users, ”said Tatyana Shcherbakova, security expert at Kaspersky, in a statement. “In order to protect your data and finances, this is a safe way of ensuring that the online payment page is secure: You can recognize this by the fact that the URL of the website starts with HTTPS instead of the usual HTTP and usually has a lock symbol next to the URL “She added

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