It should come as no surprise that the most wonderful time of the year is also one of the most dangerous for online shoppers.
In 2019, Cyber Monday broke records for U.S. eCommerce sales, generating $9.2 billion in revenue. Online spending Thanksgiving day grew 14.5% from the previous year, topping $4.2 billion and reaching its largest growth rate in five years. And, Black Friday sales in 2019 increased by 19.2% to $7.4 billion. During the five days between Thanksgiving and Cyber Monday, 61% of online purchases came from mobile devices. Between October and December 2020, eCommerce transactions are projected to increase by 27% over the holiday period.
All of this eCommerce activity has presented hackers, scammers, and identity thieves with a prime opportunity to trick people into revealing personal or financial information. During the 2019 holiday shopping season, online purchase fraud increased by 29%, and in 2020 alone, 80.5% of consumers report losing money to online purchase scams.
For anyone shopping online, during the holidays or otherwise, it’s critical to remain vigilant and remember that if something seems too good to be true, it probably is. Here are some tools and tips to stay safe, as well as scams for you to keep an eye out for this holiday season.
Resources to Stay Protected While Online Shopping:
- Holiday Hacking and Online Shopping Security Risks
- Help Prevent Identity Theft & Cyber Monday Scams
- Online Shopping: Identity Theft Risks and Prevention Tips
- Protect Your Identity During Your Online Holiday Shopping
- 3 Holiday Scams on the Naughty List
- Five Tips to Ensure a Safe Holiday Shopping Season
**Originally published November 19, 2018. Updated November 17, 2020.**