Online payment fraud increases by 208% amid Black Friday season

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The sales season is a favorite of cybercriminals who do not hesitate to cash in on online shoppers by creating fake pages mimicking the biggest retail platforms and e-payment systems.

Proving it to be true is the total number of attacks disguised as e-payment systems this year, which drastically increased by 208% from September (627,560) to October 2021 (1,935,905). This and other findings are in Kaspersky’s ‘Black Friday 2021: How to Have a Scam-Free Shopping Day’ report.

During the first ten months of 2021, Kaspersky products detected more than 40 million phishing attacks targeting e-commerce and e-shopping platforms, as well as banking institutions.

There also has been a rise in the number of spam letters detected by Kaspersky’s products. An active spread of spam emails with 221,745 emails containing the words “Black Friday” was spotted during the month amid the sales season, from October 27 to November 19. 

Kaspersky researchers have also analyzed which popular platforms were used as bait to spread phishing pages. The results showed that Amazon was consistently the most popular lure used for the majority of 2021. The second most popular was eBay, followed by Alibaba and Mercado Libre.

“We always witness intensified scamming activity amid the Black Friday season,” says Tatyana Shcherbakova, a security expert at Kaspersky. 

“Every new payment application is seen by scammers as a new opportunity to potentially exploit users. So in order to protect your data and finances, it will be a safe practice to make sure the online payment page is secure.”

“You’ll know it is if the web page’s URL begins with HTTPS instead of the usual HTTP and an icon of a lock will also typically appear beside the URL,” said Tatyana.

To learn more about Black Friday’s tricks and scams, visit Securelist.com.

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