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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Credit card fraud is one of the most common forms of fraud in the country. So, what are the most important credit card security measures you should take to keep your accounts safe? There are a few areas to focus on, from practicing safe online habits, staying vigilant against phishing scams, keeping your cards and account information safe, and of course, keeping an eye on your accounts to spot any fraud before it gets too far.
Cybercrime is a monumental and growing threat, but there are things to be done to protect yourself from fraud and losses due to cyberattacks.
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