"Where there's money and momentum online, cybercriminals invariably follow - Black Friday and Cyber Monday deliver both in abundance,"
"This year we're guaranteed to see ever more sophisticated scams, primarily fueled by artificial intelligence, whether that be convincingly forged order confirmations, spoofed retailer sites, and even AI-generated customer service messages designed to steal login details or payment information,"
"From a business standpoint, the stakes are extremely high during Black Friday and Cyber Monday. This short window represents a critical revenue opportunity, and any website security hiccup - like an expired or misconfigured certificate causing browser warnings - can result in thousands of dollars in lost sales as shoppers quickly abandon sites that seem untrustworthy."
Holiday shopping periods produce surges in cyber threats, with mobile phishing (mishing) and malware attacks quadrupling during 2024's holiday season. Attackers are increasingly using artificial intelligence to craft forged order confirmations, spoofed retailer sites, and AI-generated customer service messages that harvest login credentials and payment information. Retailers have already experienced major cyberattacks, increasing the likelihood of renewed targeted attacks as the holidays approach. Successful breaches can cause data loss, financial damage, reputational harm, and lost sales. Website security issues such as expired or misconfigured certificates can prompt shopper abandonment and significant revenue loss. Holiday scams remain highly successful, creating urgent need for stronger defenses.
Read at Securitymagazine
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