Growing number of shoppers facing fraud: what to know

Published On Nov 19, 2024, 6:00 AM

A recent survey reveals that 82% of holiday shoppers have encountered some form of fraud, such as package theft or identity theft. Criminals are becoming increasingly creative, especially during the holiday season, suggesting that consumers need to be more vigilant against scams. The survey also highlighted a significant awareness gap regarding safe online shopping practices, with many shoppers unaware that legitimate retailers will not ask for personal login information. Additionally, there has been a notable increase in fraud attempts via notifications pretending to be from delivery services like USPS, FedEx, and UPS, indicating a rise in concerns for online safety this holiday season.

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Stock Forecasts

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As more shoppers fall victim to scams, cybersecurity companies could see increased demand for their services. Companies that focus on fraud prevention technology may benefit from heightened awareness around fraud during this holiday season. This could lead to increased investments in these stocks as consumers and businesses seek stronger protections.

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