As Black Friday Approaches, 3 Key Trends Offer Insights for Mitigating Online Shopping Scams

As Black Friday and the holiday shopping season approaches, the threat of online scams is on the rise, with a 22% increase in consumer scam losses reported during the 2022 Black Friday and Cyber Monday sales. Recorded Futures Insikt Group has analyzed recent high-impact scam website campaigns, revealing three key themes in how scammers operate and offering insights into how consumers and businesses can protect themselves.

Online shopping scams pose significant financial fraud risks, with reported US losses ranging from …

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