Data: The newest holiday fraud threats
The first wave of data from this year's holiday shopping season is in, providing insights into where the biggest fraud threats are likely to originate in the final weeks of the year.
Phishing scams are on the rise globally, and authorities worldwide have reported a surge in spoof websites and other tactics designed to trick consumers into sharing payment card data to get steep discounts on brand-name goods.
The newest areas of concern surround higher-than-average ticket size for suspicious transactions, P2P scams and a lower consumer caution around online and in-store shopping. This is particularly risky given the rise of mobile commerce, which is driving fraudsters to target the mobile channel and the large sector of millennials who are expected to drive the biggest increase in spending this year, with a disproportionate number using mobile devices.