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Cybercriminals take advantage of pandemic store-closures to increase scams

June 18, 2021

Via: Charged

Cybercriminals used a ranged of techniques to scam online shoppers during the heights of the pandemic according to Verizon’s Data Breach Investigations Report.

The report showed that while the vast majority of data breaches in retail are still external, criminals took advantage of the increase in online payments and orders while bricks-and-mortar retail was closed.

According to Verizon, most cybercrime involving online shoppers is most likely to come from outside a retailer’s businesses.

The data showed that out of a sample of 725 breaches that 84 per cent in the retail industry are external and of those, 99 per cent are financially motivated.

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