With Black Friday and Christmas fast approaching, this is a very busy time for merchants. The holiday season can present a significant uptick in sales for many business owners. Unfortunately, it’s also during the holidays that companies are more likely to see an accompanying increase in online fraud from organized groups using sophisticated technology to outsmart eCommerce sites.
Higher transaction volumes and a demand for faster turnaround times place pressure on retailers and make proper screening difficult. Furthermore, temporary or seasonal workers are not familiar with what a normal transaction looks like and are less likely to recognize fraud. These factors added all together make it a perfect season for criminals.