Holiday Fraud Trends & Prevention Strategies
The holiday season brings great rewards — and significant risks. By analyzing last year’s fraud trends, we’ve uncovered insights that will help your business tackle evolving threats, protect your bottom line and make the most of this busy time.
Key drivers of increased fraud
Holiday traffic surge: The spike in online transactions during the holiday season gave fraudsters more chances to exploit vulnerabilities.
Advanced fraud techniques: VPN and proxy server usage surged, with VPN peaking at 5.02%, a 50% increase over the season average.
Automation and bots: Bot-driven fraud increased from 0.11% in early November to 0.49% in December.
Other fraud insights you don’t want to miss
Getting Across Cross-Border Payments: A Key Challenge: Uncover the challenges of cross-border payments and discover how AI-powered tools tackle fraud, and maintain trust without slowing transactions.
The Evolution of Fraud: From Point Solutions to Systems of Record: Learn how businesses are moving from fragmented fraud solutions to unified systems that boost fraud detection and AML compliance.
Turning the Tables: Combating First-Party, Friendly, and Refund Fraud: Discover strategies to balance customer service with fraud protection, using AI and data analysis to spot fraud before it happens.
University of Toronto (DSI) | Master of Engineering in S&T at McMaster University | Lifelong learner | Cloud AWS | Data Science & Engineering | Problem Solver | Consultant | FICS & FACS Instructor
2 个月It’s fascinating to learn about these insights. I’d also like to emphasize that security begins with a secure mindset, particularly when it comes to phishing and social engineering. The waxing danger nowadays is the FaaS.