17 Dec

Preventing cyber fraud as Black Friday approaches

first_imgFollowing the shopping season of 2016, the U.S. set a new record for mobile phone and tablet shopping on Black Friday with over $1.2 billion in purchases, as reported by Adobe. It was a 33% increase from the previous year, and if the trend continues, we could expect to see upwards of $1.6 billion in purchases this coming year through smartphone and tablet purchases. With all this money exchanging digital hands, you want to ensure that your members feel confident using their credit card account information while shopping online and that their private financial information is protected and secure. Be sure you are providing your members with the best credit union cybersecurity tools, such as remote control debit and credit cards.With this jump in mobile shopping, especially on Black Friday and Cyber Monday, it should come as no surprise that cyber fraud is on the rise as well. Cybercriminals are looking to capitalize on the growing online and mobile shopping trend by enticing shoppers to part with information or become less security-focused with their payment cards while on the hunt for Black Friday deals and coupons. In a report from RISKIQ following last years holiday shopping season, over 1 million apps were flagged or blacklisted for potential risk or fraudulent activity. Taking measures to ensure your members’ protection from cyber fraud is important and member education is step one in the process. 35SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more