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Anti-malware

Retail Fraud Spikes Ahead of the Holidays

25th October 2018, By Kelly Sheridan

 

Researchers note massive increases in retail goods for sale on the black market, retail phishing sites, and malicious applications and social media profiles.

 

A massive year-over-year increase in retail fraud is spelling bad news for shops and shoppers ahead of the holiday season, according to a new study focused on cybercrime in the sector.

 

Researchers from IntSights and Riskified teamed to analyze threat data from more than 20 retailers from Q3 2017 to Q3 2018, as well as data collected from millions of transactions, to better understand the scale of retail fraud. They found massive increases in retail goods for sale on the black market, retail phishing sites, and malicious applications and social media profiles.

 

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