Black Friday Shopping Spree? Kaspersky Flags Cyber Risks


As Black Friday approaches, Kaspersky has highlighted the alarming rise in cyber threats

As Black Friday approaches, the excitement among shoppers is palpable, with everyone gearing up for the season of incredible deals and discounts. However, amid the frenzy of online shopping, it’s crucial to stay vigilant as cyber threats surge. Cybersecurity firm Kaspersky has recently released a report highlighting the alarming rise in shopping-related cyber threats, providing insights into the tactics employed by fraudsters to exploit the shopping extravaganza.

The Scope of the Threat

Kaspersky’s latest report sheds light on the scale of the cyber threats faced by online shoppers. In 2023 alone, there were more than 13 million e-shop-related phishing attacks, illustrating the relentless efforts of scammers to capitalize on the shopping spree. These attacks targeted popular marketplaces, luxury brands, and gadget stores, showcasing the versatility and adaptability of cybercriminals.

Preferred Tactics of Fraudsters

According to Kaspersky experts, scams and phishing continue to be the preferred tactics for fraudsters seeking illicit gains during the holiday season. The report reveals that in the first ten months of 2023, a staggering 30,803,840 phishing attacks were identified, specifically targeting online shopping platforms, payment systems, and banking institutions. Of this total, e-commerce platforms served as a lure in 43.5% of the attacks, amounting to a concerning 13,390,142 attacks.

Mimicking Trusted Brands

One of the notable trends highlighted in the report is the scammers’ tendency to mimic trusted brands to deceive unsuspecting shoppers. Popular marketplaces, renowned luxury brands, and trendy gadget stores are often replicated to create phishing schemes that appear genuine at first glance. This tactic exploits the trust consumers place in well-known names, making it imperative for shoppers to exercise caution.

Risks to Online Shopping, Payment Systems, and Banking

The scope of the threat extends beyond just online shopping platforms. Cybercriminals are actively targeting payment systems and banking institutions, aiming to compromise sensitive financial information. With the exponential growth in online transactions, especially during the holiday season, users must remain vigilant to safeguard their personal and financial data.

Protecting Yourself

As consumers gear up for Black Friday deals, it’s essential to adopt proactive measures to ensure a secure shopping experience. Here are some practical tips to mitigate the risks:

Verify Website Authenticity: Before making any purchase, ensure that the website is legitimate. Look for secure connections (https://) and check for reviews or ratings.

Beware of Email Scams: Be cautious of unsolicited emails promising unbelievable deals. Avoid clicking on suspicious links or providing personal information in response to email requests.

Use Secure Payment Methods: Opt for secure payment methods, such as credit cards or reputable payment gateways, which offer additional layers of protection against fraud.

Update Security Software: Keep your antivirus and anti-malware software up to date to guard against the latest threats. Regularly update your operating system and browser for enhanced security.

Enable Two-Factor Authentication: Whenever possible, enable two-factor authentication for your online accounts to add an extra layer of security.

While Black Friday offers unparalleled opportunities for incredible deals, it’s crucial to remain vigilant in the face of escalating cyber threats. Kaspersky’s report serves as a timely reminder for online shoppers to prioritize cybersecurity. By adopting proactive measures, staying informed about potential risks, and being cautious in their online interactions, consumers can safeguard their personal and financial information during the holiday shopping spree.

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