Omnichannel fraud has evolved to exploit the myriad technologies retailers have developed to enable consumers to purchase goods anytime, anywhere.
During the busy holiday shopping season, retailers must make decisions about e-commerce fraud rapidly to keep pace with demanding delivery schedules.
For retailers who are primarily concerned with minimizing chargebacks, the total cost of e-commerce fraud is worse than they realize.
Physical theft accounted for two-thirds of inventory shrinkage in 2016, suggesting that retailers need to improve their loss prevention strategies.
Omnichannel retailing is making shopping easier for consumers, but also presenting complexities to retailers.
Consumers and retailers should implement these basic cybersecurity tips year-round to stay secure during the busy holiday shopping season.
Companies looking to minimize retail disruption during this holiday season should keep close tabs on emerging trends such as ransomware, the IoT and more.
A recent RiskIQ report found that about 1 in 25 Black Friday apps widely available in official app stores are fraudulent.
Stores and vendors must make sure they are minimizing the risk of a retail vulnerability ruining the holiday season.
Although mobile payments are more convenient and arguably more secure than carrying physical credit cards, both retailers and consumers remain wary.