"The last shopping rush before Christmas is a great time for cybercriminals because there are so many online transactions, quick purchases, and distracted shoppers. NordProtect's decision to lower the price of its identity protection service to a record low of $4.49 per month, down from its usual $14.99 rate, is especially important this time of year, when prices are usually lower."
"Think about how bad identity theft is in the United States right now. According to the Federal Trade Commission, consumers lost $12.5 billion to fraud last year alone. This is a 25% increase from the year before. In 2024, the agency handled more than 1.1 million identity theft complaints. This means that a new victim came forward every 22 seconds throughout the year."
"These risks are even higher during the holidays: More people shopping online means more chances for data theft, and when there are a lot of legitimate transactions, it's harder to spot fake charges right away. Phishing attempts that look like shipping notifications or seasonal sales alerts are on the rise, and retailers and payment processors are at greater risk of breaches because their infrastructure is under stress and they have to hire temporary workers."
The holiday shopping surge increases opportunities for identity theft because of higher online transaction volume, rapid purchases, and distracted consumers. NordProtect cut its identity protection price from $14.99 to $4.49 per month, making protection more affordable during a high-risk period. Consumer fraud totaled $12.5 billion last year, a 25% increase, with more than 1.1 million identity theft complaints and a new victim every 22 seconds. Credit card fraud accounts for a large share of cases. Holiday shopping raises phishing risks and strains retailer systems, increasing the chance of breaches and unnoticed fraudulent charges.
Read at Kotaku
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