First, the combination of rising inflation and predictions of a recession in the next 12 months means that consumers with ever-tightening budgets are more likely to fall prey to false 'deals.' Second, the latest technology such as generative AI enables fraud to be executed on a much larger scale than ever before. Finally, crime does indeed seem to pay for fraudsters, as they are rarely held accountable for their crimes.
Here are four types of online fraud for which merchants should be on the lookout this holiday season.
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