Recent research has shown that while consumers are demanding more transparency around information handling, few companies are doing enough to communicate with their customers about data privacy.
Credit card chip security has improved, but that hasn't stopped cybercriminals from using old-school methods such as mail interception to leverage chip-and-PIN technology for their own gain.
Increased EMV adoption is putting a dent in credit card fraud protection efforts, but cybercriminals continue to exploit security gaps in financial and retail organizations to steal card details.
Thanks largely to recent news headlines, consumers are becoming more aware of security concerns, meaning that retailers must improve their data security practices to earn customer trust.
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.