Initially fueled by the reduction of in-person shopping during the pandemic, online holiday shopping is expected to reach record highs this year. In fact, according to the National Retail Federation, “holiday retail sales during November and December will grow between 6% and 8% over 2021 to between $942.6 billion and $960.4 billion.” Unfortunately, each year the number of online shopping scams and cybersecurity fraud seems to grow as well. Last year alone, consumer fraud was up over 70% over the year prior, reaching almost $6 billion in losses.
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