Subj : Email fraud could be the biggest online security fraud this Black
To   : All
From : TechnologyDaily
Date : Fri Nov 24 2023 14:30:05

Email fraud could be the biggest online security fraud this Black Friday - 
here's how to stay safe

Date:
Fri, 24 Nov 2023 14:26:54 +0000

Description:
Black Friday is the perfect time to launch phishing campaigns, so should 
companies be doing more to protect consumers?

FULL STORY
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Cybersecurity firm Proofpoint has warned that American shoppers are at high 
risk of being victims of email fraud as Black Friday reaches its height, and 
has laid the blame with the retailers. 

In fact, its study found that more than half of the top 50 online retails 
across the US are not taking appropriate measures to protect their consumers 
from email fraud and cybercrime. 

With email authentication and verification measures hitting headlines 
recently, the study found that a further 12% had not even implemented a DMARC 
record. Retailers put consumers at risk, says report 

Proofpoint cites an external study that suggests consumers will spend on 
average $875 on core holiday items, including gifts, decorations, and food. 
This year, holiday retail is expected to bring in around $960 billion. 

Separately, TechRadar Pro has covered plenty of studies around cybercrime 
during Black Friday and Cyber Monday sales, with some studies indicating that 
attackers spend all year prepping for this season. 

The already-hectic weekend is the perfect cover for threat actors to use 
pressure tactics to rush victims into parting with sensitive information. 

Group VP and GM for Sender Security and Authentication at Proofpoint, Robert 
Holmes, said: The influx of emails from brands offering great deals during 
the Black Friday and Cyber Monday shopping period makes it an opportune time 
for cyber criminals to capitalize on the spike in email traffic and target 
shoppers with creative and convincing lures and scams. 

In-house research found that one-third of Americans regard familiar branding 
as sufficient proof that an email is safe. 

More than ever, the runup to Christmas is a time to pay close attention to 
cybersecurity best practices. Proofpoint highlights the need to be aware of 
imitation sites, dodgy links, and any collection of sensitive data, urging 
customers to verify before committing to a purchase. More from TechRadar Pro 
It's Black Friday for hackers too - so watch out for these scams Shared too 
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link and downloaded something bad? Heres the best malware removal



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Link to news story:
https://www.techradar.com/pro/security/email-fraud-could-be-the-biggest-online
-security-fraud-this-black-friday-heres-how-to-stay-safe


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