Ecommerce Fraud Projection Alarms Businesses Amid Holiday Shopping Rush
Navigating the Holiday Season Safely: Insights on Cybersecurity Threats
As the festive spirit wraps around us with the holiday shopping season nearing its peak, Carl Mazzanti, the President of eMazzanti Technologies, raises an urgent flag on the increasing threats posed by cybercriminals. According to Mazzanti, the combination of heightened online transactions, advancements in artificial intelligence technologies, and the emotional drive that accompanies holiday shopping has created a fertile ground for bad actors.
In a world where e-commerce is surging, fraudsters are due to ride the wave of increased online shopping, expected to escalate from $44.3 billion in fraud in 2024 to a staggering $107 billion by 2029, marking a shocking 141% increase. Mazzanti emphasizes that these statistics aren’t just numbers; they represent real threats to both consumers and legitimate retailers.
The Cybercrime Landscape
Mazzanti elaborates on how today’s scams have transformed from simple phishing emails into sophisticated, AI-generated threats.
Topics Consumer Technology）
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