Two of the biggest days for online shoppers Black Friday and Cyber Monday have arrived. In 2021, the average number of cyberattacks and data breaches increased by 15.1% from the previous year.
According to Impact, online shopping during last year’s Black Friday surged by around 22% in a record-breaking haul for e-commerce.
Consumers spent a total of $9 billion US over the weekend, the second-largest single day for online spending in US history.
With people spending extreme amounts of money, $300 on average, elongated shopping hours, and increased mobile commerce, it’s the perfect storm of cyber vulnerability that attackers look to take advantage of.
Biggest Dangers for Businesses on Black Friday
Most security breaches occur because of human error. According to IBM, it was the main cause in 95% of cases.
Employees represent a big weak spot for organizations, and they should all be trained correctly in how to prevent cyber attacks.
This is one of the most popular and effective methods for tricking unsuspecting victims into handing over sensitive data.
Hackers take advantage of the sales by using social engineering to manipulate people. Employees must be on their guard and prepared for the flurry of phishing attacks across the weekend.
Clicking on a bad link can cost you a lot more than you think. Ransomware poses a big threat, especially during busy times of the year for businesses.
Attacks are expensive and increasing in number—organizations should be extra careful around the holiday shopping season that they invest in the right solutions to mitigate these cyberattacks.
Check out our tips to stay on top of your security IT management when shopping online during the upcoming holiday season.
Security IT Management Tips
- Update your device: Devices need to be up to date, at least with the basic security safeguards.
- Be cautious of unknown networks: Never connect with unknown WiFi networks or access points. If you are connecting to a known one, make sure network names aren’t marred with typos or extra characters that give away their illegitimacy.
- Keep your passwords strong: All passwords need to be unique (different passwords for different web accounts), strong (i.e., having a combination of numbers, symbols and letters)
- Don’t share too much on social: Be aware of what you share on social media and take the time to review your privacy settings on the platforms you use. You may be surprised by just how much information you are giving away!
- Monitor Credit Card Activity: Regularly assess bank and credit card statements for any discrepancies.
While cyber-attacks continue to grow, educating yourself on the latest scams and shopping with trusted providers will make sure that you don’t get unwanted surprises. With that peace of mind, you can take advantage of unmissable offers without falling victim to fraud or identity theft.
Changing your passwords frequently, setting up MFA, and practicing phishing simulations can go a long way toward protecting you from malicious entities wherever you encounter them.
Do you need help with your IT Management? Schedule a cyber security assessment with one of our experienced technicians today and see how Reis can help!