The 7 Biggest Digital Threats of Black Friday and Cyber Monday

Cyber crime is causing more chaos than ever, and looms large for small business owners as Black Friday and Cyber Monday approach and pose an enormous challenge to their online operations. 

Retailers must protect themselves ― and their customers ― by being proactive about spotting scams, limiting the damage, and recovering quickly from any possible attack. 

Black Friday kicks off the busiest retail season of the year, a stretch that’s both a major financial boon for retailers ― and a big opportunity for malicious cyber threats to strike. And strike they will. Taken as a whole, Black Friday and Cyber Monday are the World Cup for online commerce and cyber criminality.

The business ramifications of the big shopping weekend are massive: last year shoppers spent $10.8 billion on Cyber Monday, shattering the previous year’s record of $9.4 billion, making it the single largest day for online sales in U.S. history. Black Friday was a bonanza as well, with $9 billion being spent online, a nearly 22% jump from the previous year. 

Online shopping as a whole continues its dramatic upward trajectory. According to Statista, global retail e-commerce sales will hit $4.89 trillion in 2021, and there’s no slowdown in sight:

Read More: https://businessinsights.bitdefender.com/the-7-biggest-digital-threats-of-black-friday-and-cyber-monday