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Kiplinger
Kiplinger
Business
Erin Bendig

Seven Ways to Prevent Digital Fraud This Holiday Season

A woman sitting on her sofa smiles as she looks at her credit card and holds a tablet.

Did you do any online shopping from Thanksgiving to Cyber Monday? If so, you may have been a target for digital fraud. According to TransUnion, the average number of suspected digital shopping fraud attempts during the Cyber Five days was up 12% in the U.S. compared to the rest of the year (the Cyber Five days include the days between Thanksgiving, November 23, and Cyber Monday, November 27). 

The study from TransUnion, which analyzed billions of transactions across 40,000 websites and apps, also found that 3.6% of all global e-commerce transactions during the Cyber Five days were suspected to be fraudulent. In the U.S. alone, 2.4% of e-commerce transactions during that period were suspected to be fraudulent.

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