The holiday season is particularly lucrative for fraudsters, with global ecommerce fraud losses estimated at $48 billion in 2023, underscoring the urgent need for robust defenses.
Phishing alerts surged by 46% last December compared to other months, revealing the drastic increase in cyber threats during the holiday season.
Synthetic identity fraud, which combines real and fake information to create fraudulent identities, grew by 26% in the first half of 2024, posing a significant risk.
As industries like hospitality and healthcare face heightened vulnerabilities during the holidays, businesses must remain vigilant against operational disruptions and data breaches.
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