Part III - Fraud-free Shopping All Day On This Cyber Monday!
Ankit Maharaj Singh
SVP - Strategic Growth @ Quinte Financial Technologies | MBA, New Business Development
Cyber Monday - one of the biggest shopping days of the year. It’s also one of the biggest day for malware attacks and other fraud schemes targeting Acquirers and Issuers across the country. Cyber Monday is all about consumer’s sitting in the comfort of their homes and doing online shopping, instead of standing in long queues from dawn to dusk.
When everyone is excited and enjoying online deals, discounts and offers, fraudsters are also aggressively launching thousands of fraudulent websites, emails, third-party mobile apps and social media posts which is being camouflaged behind the the names of respected brands luring online shoppers into giving up their confidential information to hacker.
Fraudsters on Cyber Monday not only target consumers but also tarnish the name and reputation of online merchants/ brands, banks by using their names as smoke screen for their fraudulent activity. To make sure that we prevent and safeguard consumers, banks and merchants from perpetrators we require a strong Fraud Prevention Management structure.
Cyber Monday heightens risks for all payment transactions. To reduce vulnerabilities for Acquirer s and Issuers; Quatrro’s cyber warriors provide the best in class services, technologies and expertise 24X7 to reduce the threat of risk and safeguard the integrity and reputation
Follow the info graphics below, depicting rare facts and figures pertaining to Cyber Monday frauds and scams.
Visit https://www.quatrroprocessing.com/ for a tailor made, round the clock protection against fraud
