Retail fraud up 700 percent for the holiday shopping season

As we enter the busiest period of the year for retail sales, there's less than cheery news that scraping, loyalty card fraud and payment card fraud have increased by a collective average of over 700 percent as attackers lay the groundwork for holiday sale attacks ahead of retailer security crackdowns. A new report from Cequence Security finds threat actors are evolving their tactics, opting for a more nuanced approach that spreads attacks across a broader timeframe to blend in with legitimate traffic and evade detection ahead of peak holiday shopping times. 'The 2023 holiday season exposed a chilling reality: cybercriminals… [Continue Reading]